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Federal Bank closed the previous week on a negative note losing 4.39%.Technically, Federal Bank share price will see immediate support at 131.27 and immediate resistance would be seen at 137.27.
If Federal Bank share price closes below immediate support of 131.27, then sharp breakdown can be seen. Federal Bank share price will see major support at 127.93 for the week.
On the positive side, immediate resistance will be seen at 137.27. Closing above 137.27, Federal Bank share price will see a sharp breakout. Major resistance for Federal Bank share price will be seen at 139.93 for the week.
Trading range for Federal Bank share price for this week should be between 125.27 on down side and 143.27 on up side.
Federal Bank Previous Week High: 136.6
Federal Bank Previous Week Low: 130.6
Federal Bank Previous Week Range: 6 Points
Federal Bank share price support and resistance for the week (August 07, 2023 – August 11, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 143.27 |
| Resistance 2 | 139.93 |
| Resistance 1 | 137.27 |
| Support 1 | 131.27 |
| Support 2 | 127.93 |
| Support 3 | 125.27 |
