Federal Financial institution’s share worth surged over 11 per cent final week. This has boosted the momentum. The outlook is bullish. The general uptrend stays intact, and there may be room to rise additional. Assist will now be round ₹160. Intermediate dips are more likely to be restricted to this assist. Recent patrons are more likely to emerge round ₹160. Federal Financial institution share worth can rise to ₹180-₹185 over the following two to a few weeks. If the present momentum sustains, then this rise can occur a lot quicker. Merchants can go lengthy now. Accumulate on dips at ₹161. Hold a stop-loss at ₹157 initially. Path the stop-loss as much as ₹170 as quickly because the inventory strikes as much as ₹175. Transfer the stop-loss to ₹176 when the worth touches ₹179. Exit the lengthy positions at ₹182.
(Be aware: The suggestions are primarily based on technical evaluation. There may be threat of loss in buying and selling.)
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