Federal Bank was moving in the fixed range for the last 4.5 years after reaching its lifetime high. Recently gave a breakout and retraced till its 200 MA (weekly chart).
Can expect 30%-40% return in a duration of 6 months.
Swing target - 110 and 127
Long target - 214 (12 to 18 months)
SL - 80
Note - Federal banks are having strong growth and future. One can HOLD it for the long term (>10 years) for multi-bagger returns.
Can expect 30%-40% return in a duration of 6 months.
Swing target - 110 and 127
Long target - 214 (12 to 18 months)
SL - 80
Note - Federal banks are having strong growth and future. One can HOLD it for the long term (>10 years) for multi-bagger returns.
Comment:
10% target reached.