Update on Federal Bank. Share price: 80. Exit on rally towards 93-95.

Update on Federal Bank. Share price: 80. Exit on rally towards 93-95. SL 75.

Stock look cheap on valuations. Stock can move towards 95 and 115 in 3 months and 1 year respectively.

However due to poor technical charts, the stock is recommended to be exited on rally towards 93-95.

Update will be given once, technical charts improve.

In private banks, we like

1. HDFC Bank

2. Indusind Bank

3. Kotak mahindra Bank

4. DCB

5. CUB

6. RBL bank

7. Bandhan Bank

 

source https://gale.in/update-on-federal-bank-share-price-80-exit-on-rally-towards-93-95/