Trade long on Federal Bank, says Shrikant Chouhan, VP Technical Research at Kotak Securities.
Chouhan told CNBC-TV18, "Currently Federal Bank is at Rs 390 and stock is diverging positively. It has formed double bottom kind of formation at Rs 350. With a stop loss at Rs 370 we can trade long for the target of Rs 445-450 on the higher side. It's a positional call and we have to wait for atleast next 10-15 days.
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