Federal Bank Limited (NSE: FEDERALBNK) has already triggered Bearish Move as per TTC Breakout Formation. The Critical Make-Or-Break Zone was at around 119. It has been broken decisively (on 1-hour closing basis), and we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 116.70 Zone. Then 113.50 are the next support. For Swing Traders, 104.90 Zone is Very Critical. Below which we can see a good amount of selling.
The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1252 branches and 1681 ATMs across the country.
For Short-term targets, Trader should eye on 116.70 Zone. Then 113.50 are the next support. For Swing Traders, 104.90 Zone is Very Critical. Below which we can see a good amount of selling.
The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1252 branches and 1681 ATMs across the country.