The Federal Bank Ltd. - BEARISH

The Federal Bank Ltd.

Today closed at 39.30, the stock has given a downward breakdown (below 40) from the Inverted Flag pattern.

Technical parameters look weak as of now.
Time-Trend Indicator is bearish as well.

Sentiments
Buy 28 % Sell 72 %
Derivative Option OI
Maximum Call 50 (Resistance)
Maximum Put @40 (Support)

It is likely to see more breakdown if sustains below 40 level. We might see further weakness below 35.7.

KEEP AN EYE ! #B-