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Federal Bank

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BSE:FEDERALBNK   FEDERAL BANK LTD.


Price has broken out of a upward Channel on the down side.
Made a double bottom outside the channel.

Stock can be bought at these levels with target of 98 and SL of 78
Risk Reward is 1:4 and returns can be around 19 Percent.

OI Analysis :-

Good Buildup on the put side.
OI has decreased by 5 percent in today session which indicates short covering.

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