CAN BE A BUY AT CURRENT PRICE RANGE.
It may take support at 2 levels (marked as green)
SL will few points below support line where it holds
TGT will be recent high and next tat will be at upper resistance (marked as red)
After a strong upward movement its coming down but there can have 2 possibilities
1)Once consolidation overs(takes support(marked with green )at previous resistance then HH&HL formation in lower timeframe) can be a entry for LONG.
2) If it breaks below upper support level and then there might be chances that it will take support at next support level.
Federal bank looks strong for long but still have to wait for lower timeframe confirmation once the consolidation overs(seller dies out followed by strong buyer comes / else HH & HL formation in lower timeframe near the support line marked as green.)