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
6. RBL bank
7. Bandhan Bank
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