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Potential downward trend in Federal Bank

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FEDERAL BANK LTD. (BSE:FEDERALBNK)  
NathanTheEpicTrader  
BSE:FEDERALBNK   FEDERAL BANK LTD.
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
There is a potential downward trend in Federal Bank due to a recent bearish engulfing. Share price could fall to 52-53 ranges and then increase again.
View: Accumulate on every dip. Tgt @Rs 80
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