Federal Bank Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Federal Bank closed the previous week on a negative note losing 4.15%

Technically, Federal Bank share price will see immediate support at 132.30 and immediate resistance would be seen at 138.00

If Federal Bank share price closes below immediate support of 132.30, then sharp breakdown can be seen. Federal Bank share price will see major support at 129.15 for the week.

On the positive side, immediate resistance will be seen at 138.00. Closing above 138.00, Federal Bank share price will see a sharp breakout. Major resistance for Federal Bank share price will be seen at 140.55 for the week.

Trading range for Federal Bank share price for this week should be between 126.60 on down side and 143.70 on up side.

Federal Bank Previous Week High: 137.4

Federal Bank Previous Week Low: 131.7

Federal Bank Previous Week Range: 5.7 Points

Federal Bank share price support and resistance for the week (July 31, 2023 – August 04, 2023)