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Federal Bank - Chart shows shorting opportunity

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FEDERAL BANK LTD. (BSE:FEDERALBNK)  
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BSE:FEDERALBNK   FEDERAL BANK LTD.
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A trade setup for shorting with retracements to T1 @86.05, T2@85.45 and T3@83.75 exists as per the chart.
Breach above SL at 89 confirms buy with target of 98.75.
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