The outlook for federal bank is bullish. The 2 per cent Rise on Tuesday has taken the share price well Above a key resistance level of ₹ 205. It also also confirms a cup and handle bulish pattern on the daily chart. The level of ₹ 205 will now act as a good support and limit the downside. A Possible Moving Average crossover on the daily chart also strengthens the bulish case. Federal Bank Share Price Can Rise to ₹ 230-235 in the Coming Weeks.
Today’s Stock Recommendation: June 4, 2025
Here’s an interesting stock idea: the stock idea that we have for you today is federal bank. The Strong Rise on Tuesday has taken the share price well about a key resistance. It also also confirms a cup and handle pattern on the chart. This strengthens the bulish case. Check out the latest episode of today’s pick to learn more.Video Credit: Businessline
Traders can buy federal bank shares now ₹ 211. Accumulate on Dips at ₹ 207. Keep the stop-level ₹ 198. Trail the stop-level ₹ 215 as soon as the stock goes up to ₹ 222. Move the stop-Loss Further up to ₹ 219 and ₹ 225 when the share price touches ₹ 223 and ₹ 228 Respectively. Exit the longs at ₹ 230.
(Note: the recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on June 4, 2025