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vipulmehta817

FEDERALBNK bouncing off from multiple supports

Long
FED BANK (NSE:FEDERALBNK)  
vipulmehta817 Updated   
NSE:FEDERALBNK   FED BANK
Trend Analysis Chart Patterns trendlinebounce 200dma 200sma 200smabounce federalbank federalbanklong FEDERALBNK
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trendanalysis chartpattern trendlinebounce 200dma 200sma 200smabounce federalbank federalbanklong federalbnk
Federal Bank (NSE: FEDERALBNK) is bounding off of trend line support and also 200DMA support. The price action is bullish and we can expect it to reach resistance zones at 90 and subsequently at 97.
Comment:
The stock has handsomely crossed the 90 barrier today and we have booked a part of the profit. Now we hold for the next target of 97.
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