Federal Bank LTD.

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The chart for Federal Bank reveals a strong uptrend within a rising channel pattern, characterized by higher highs and higher lows. The stock is trading above key moving averages, including the 50-day MA (156.04), 100-day MA (153.38), and 21-day EMA (161.01), all of which are aligned positively, reflecting sustained bullish momentum. A recent increase in volume on upward price movements suggests strong buying interest. The RSI at 62.22 indicates that the stock has momentum but is not yet overbought, leaving room for further upside. The MACD also signals bullish momentum, with the MACD line crossing above the signal line and the histogram turning positive. The stock is approaching resistance near 212–215, and a breakout above this level with strong volume could lead to targets of 230–240. On the downside, key support levels are around 195–200 (the lower trendline of the channel) and the 21-day EMA (161). Traders can adopt a breakout strategy above 215 with a stop-loss at 200 or look for buying opportunities near support levels on pullbacks. While the trend is clearly bullish, traders should remain cautious if the stock fails to hold key support zones, as a break below 195 could signal a trend reversal.