FEDERAL BANK

FEDERAL BANK DAY CHART SHOWS A H&S FORMED WITH NECK LINE AT 79. ALSO, THIS IS MULTIPLE BOTTOM FOR IT.

ALSO, THERE IS A "W" SHAPE BEING FORMED.

BASED ON THESE TWO, ONE MAY CONSIDER GOING LONG IN THE SCRIP FOR A TARGET OF 96 IN THE COMING WEEKS.

STOP LOSS MAY BE PLACED AT THE NECK LINE.

LONG IS SUGGESTED AS THE Q2 RESULTS ARE GOOD FOR THIS BANK.