Federal Bank is a screaming buy: Hemen Kapadia

Hemen Kapadia, CEO, .chartpundit.com in a chat with ET Now talks abotu Yes Bank and Federal Bank stocks.

I have spoken to at least five analysts who have given me a buy call on Yes Bank from a three-month perspective. For somebody who has not invested into Yes Bank till now, looking to put in fresh money, is this a good level to buy in and for what time frame?

If I restrict myself to Yes Bank, yes it is stock worth buying but if you would give me an option of choosing something else, Federal Bank looks like a screaming buy. It is in an ascending triangle on the weekly chart, the BRIC order not yet come in but if it comes in, we could move 20% in the next six to eight weeks or whenever the breakout comes in. It looks like a crackerjack but it has not yet exploded.