The outlook for Federal Bank is bullish. The 2 per cent rise on Tuesday has taken the share price well above a key resistance level of ₹205. It also confirms a cup and handle bullish pattern on the daily chart. The level of ₹205 will now act as a good support and limit the downside. A possible moving average crossover on the daily chart also strengthens the bullish case. Federal Bank share price can rise to ₹230-235 in the coming weeks.
Today’s Stock Recommendation: June 4, 2025
Here’s an interesting stock idea: The stock idea that we have for you today is Federal Bank. The strong rise on Tuesday has taken the share price well above a key resistance. It also confirms a cup and handle pattern on the chart. This strengthens the bullish case. Check out the latest episode of Today’s Pick to learn more.Video Credit: Businessline
Traders can buy Federal Bank shares now at ₹211. Accumulate on dips at ₹207. Keep the stop-loss at ₹198. Trail the stop-loss up to ₹215 as soon as the stock goes up to ₹222. Move the stop-loss further up to ₹219 and ₹225 when the share price touches ₹223 and ₹228 respectively. Exit the longs at ₹230.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on June 4, 2025
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