Buy FEDERAL BANK for upside potential of 7%

8 May 2018

FEDERALBNK

After prolonged corrective move over past couple of months, the stock is attempting to reverse it trend. Stock is inching higher penetrating its multi month falling trend line. Weekly MACD remains in continuing buy mode. RSI is seen breaking out from a pattern and shows bullish divergence. OBV shows a sharp rise along with an attempt to breakout.