Buy Federal Bank for 25% upside, forming Inv H&S, Tgt 60

Federal Bank is currently forming its Right shoulder in the bullish Inverse H&S pattern and will breakout above 50.7 (neckline). Buy at current levels of 46.5-47, for upside of 25-27% with target Rs60. SL at 44.7.

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Book profit at 58. Stock up 25% since recommendation