Price and trend forecast of FEDERALBNK for Tomorrow, Weekly, Monthly
The Federal Bank Limited
Symbol: NSE:FEDERALBNK
ISIN: INE171A01029
183.18
As on 2024-09-11
FEDERALBNK's Today's Performance
The Federal Bank Limited started the day by opening at 186.68 today 2024-09-11. Its shares reached a high of 186.68 and dipped to a low of 182.60 in intraday. When the markets closed, FEDERALBNK’s stock price settled at ₹183.18 per share. Also check out its key support and resistance levels.
FEDERALBNK Buy/Sell Targets
Tomorrow, sell FEDERALBNK when its price reaches ₹ 183.18 with a stop-loss order at ₹ 184.87. You can set the target price as ₹ 181.49 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of FEDERALBNK for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for FEDERALBNK
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 186 |
| Tomorrow Down Target 2 | 188 |
| Tomorrow Down Target 3 | 190 |
Important Levels for FEDERALBNK
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 182 |
| Tomorrow Up Target 2 | 180 |
| Tomorrow Up Target 3 | 178 |
Based on where the stock opens tomorrow, if FEDERALBNK opens on a positive note, our first target will be ₹186. If Target 1 is achieved, we will aim for Target 2 which is ₹188.
But if FEDERALBNK falls below the average value of ₹184.15, you can enter a sell side position with target number 1 - ₹182 and second target - ₹180 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of FEDERALBNK
Looking at FEDERALBNK, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, FEDERALBNK has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for FEDERALBNK is moderate bearish.
Tomorrow's Volume based share price Forecast for FEDERALBNK
FEDERALBNK's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -18%.
Reversal detection for FEDERALBNK
FEDERALBNK may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹186 in morning tomorrow
| Target 1 tomorrow | 186 |
| Target 2 tomorrow | 187 |
| Target 3 tomorrow | 188 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with FEDERALBNK's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if FEDERALBNK opens on a positive note, our first target will be ₹185.71. If Target 1 is achieved, we will aim for Target 2 which is ₹188.23.
But if FEDERALBNK falls below the average value of ₹184.15, you can enter a sell side position with target number 1 - ₹181.63 and second target - ₹180.07
FEDERALBNK's Weekly Targets
| 1st Up Target | 185.76 |
| 2nd Up Target | 188.33 |
| 1st Down Target | 181.53 |
| 2nd Down Target | 179.87 |
As the week for FEDERALBNK ended on bearish sentiments, we can expect further continuation of this sentiment. FEDERALBNK's initial target will be 185.76 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 181.53 in the upcoming week.
Weekly OHLC Values
| Open | 183.45 |
| High | 186.68 |
| Low | 182.45 |
| Close | 183.18 |
Week for FEDERALBNK started with an open price of 183.45, and the close was at 183.18. FEDERALBNK reached the highest of 186.68 and dipped lowest up to 182.45 last week. This indicates a bearish sentiment for the week.
FEDERALBNK full month swing targets
| Monthly Up Target 1 | 189.99 |
| Monthly Up Target 2 | 192.56 |
| Monthly Down Target 1 | 177.30 |
| Monthly Down Target 2 | 171.41 |
Targets of ₹189.99 can be expected to be reached in the coming month. Once FEDERALBNK achieved this target, we can aim for the next upside target of ₹192.56.
FEDERALBNK if fails to hold upside, down targets of ₹177.30 and ₹171.41 can be achieved by end of this month.
For complete three weeks if FEDERALBNK is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as FEDERALBNK
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
FEDERALBNK is expected to reach the target of 185.71 in tomorrow's trading session.
After achieving the initial target in FEDERALBNK, we will aim for higher targets of 188.23 tomorrow.
However, if FEDERALBNK starts to trade below ₹184.15, then we will shift our focus to the sell side and aim for down targets of 181.63 and 180.07.