FEDERAL BANK Soars with Q2 Profit Rise! Targets in Sight

30 Eki 2024

FEDERAL BANK Analysis:

Federal Bank (FEDERALBNK) is showing strong bullish momentum on the 15-minute chart using Risological swing trader, setting up for a promising long trade with an entry at ₹195.22. Following a notable 7% surge in response to rising consolidated net profits in fiscal Q2, all eyes are on potential gains as the stock aims to reach its take-profit levels.

Technical Setup:

• Entry: ₹195.22
  
• Stop Loss (SL): ₹188.61
  

Take Profit (TP) Levels:

• TP 1: ₹203.39
  
• TP 2: ₹216.61
  
• TP 3: ₹229.83
  
• TP 4: ₹238.00
  

Market Sentiment:
The recent earnings report has driven significant buying interest, suggesting Federal Bank’s financial health is on the upswing. This strong performance could fuel continued upward momentum as the stock looks to reach each target level.

With volume still robust, traders are advised to monitor price action as the stock progresses through these levels.

2 Kas 2024

Not

TP1 done!