Swing Trading Idea for FEDERALBNK

• Reason 1: Three-Week High Breakout – The stock has broken a significant three-week high, signaling a potential uptrend.
  
• Reason 2: Strong RSI – The RSI is showing strength, currently at 57, which indicates momentum is in favor of buyers, with room to reach resistance near 68.
  
• Reason 3: Daily Momentum – The daily movement shows positive momentum with a 2.61% rise, indicating a continuation of upward pressure in the short term.
  

Trade Setup:

• Entry Point: Around 185.00 (current CMP), targeting a breakout continuation.
  

Target Price:

• First Target: 200.00 (10% gain).
  
• Second Target: 220.00 (20% gain), if the momentum continues.
  

Disclaimer: This is not financial advice and is for educational purposes only. Trading stocks involves risk, and you should carefully consider your risk tolerance and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.