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Price and trend forecast of FEDERALBNK for Tomorrow, Weekly, Monthly

The Federal Bank Limited

Symbol: NSE:FEDERALBNK

ISIN: INE171A01029

163.85

As on 2024-05-17

121.00 (52W Low) 170.30 (52W High)

FEDERALBNK's Today's Performance

The Federal Bank Limited started the day by opening at 164.00 today 2024-05-17. Its shares reached a high of 164.90 and dipped to a low of 163.20 in intraday. When the markets closed, FEDERALBNK’s stock price settled at ₹163.85 per share. Also check out its key support and resistance levels.

FEDERALBNK Buy/Sell Targets

Tomorrow, sell FEDERALBNK when its price reaches ₹ 163.85 with a stop-loss order at ₹ 165.08. You can set the target price as ₹ 162.62 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 1 165
Tomorrow Down Target 2 166
Tomorrow Down Target 3 166

Important Levels for FEDERALBNK

Holding Levels Value in ₹
Tomorrow Up Target 1 163
Tomorrow Up Target 2 162
Tomorrow Up Target 3 161
Based on where the stock opens tomorrow, if FEDERALBNK opens on a positive note, our first target will be ₹165. If Target 1 is achieved, we will aim for Target 2 which is ₹166.

But if FEDERALBNK falls below the average value of ₹163.98, you can enter a sell side position with target number 1 - ₹163 and second target - ₹162 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 Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for FEDERALBNK is moderate bullish.

Tomorrow's Volume based share price Forecast for FEDERALBNK

FEDERALBNK's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -18%.

Reversal detection for FEDERALBNK

Predicted trend chart of FEDERALBNK tomorrow for price forecast
FEDERALBNK may trend may continue to be bearish since stock is making lower low and we can get target of ₹164 in morning tomorrow
Target 1 tomorrow165
Target 2 tomorrow165
Target 3 tomorrow166
 

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 ₹164.77. If Target 1 is achieved, we will aim for Target 2 which is ₹165.68.

But if FEDERALBNK falls below the average value of ₹163.98, you can enter a sell side position with target number 1 - ₹163.07 and second target - ₹162.28

FEDERALBNK's Weekly Targets
1st Up Target 166.42
2nd Up Target 168.98
1st Down Target 159.77
2nd Down Target 155.68

As the week for FEDERALBNK ended on bullish sentiments, we can expect further continuation of this sentiment. FEDERALBNK's initial target will be 166.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 159.77 in the upcoming week.

Weekly OHLC Values
Open 160.95
High 164.90
Low 158.25
Close 163.85

Week for FEDERALBNK started with an open price of 160.95, and the close was at 163.85. FEDERALBNK reached the highest of 164.90 and dipped lowest up to 158.25 last week. This indicates a bullish sentiment for the week.

FEDERALBNK full month swing targets
Monthly Up Target 1 173.07
Monthly Up Target 2 175.63
Monthly Down Target 1 153.12
Monthly Down Target 2 142.38

Targets of ₹173.07 can be expected to be reached in the coming month. Once FEDERALBNK achieved this target, we can aim for the next upside target of ₹175.63.

FEDERALBNK if fails to hold upside, down targets of ₹153.12 and ₹142.38 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 164.77 in tomorrow's trading session.

After achieving the initial target in FEDERALBNK, we will aim for higher targets of 165.68 tomorrow.

However, if FEDERALBNK starts to trade below ₹163.98, then we will shift our focus to the sell side and aim for down targets of 163.07 and 162.28.