Federal Bank... Keep on your watchlist.

As it broke out of the 45 week consolidation zone, the stock price has formed another base from which it is gearing to break out.

A weekly close above 153 can create positive momentum for a potential positional trade.

The price has good support between 143-130.

In case of downside, the stock can find support at 120, and further down at 110-105 levels.

Note: Always trade with a strict stop loss. Not a buy/sell recommendation. Do always consult your advisor.