FEDERAL BANK LTD
Long
Updated

Rectangle pattern Breakout

After a long formation of nice Rectangle pattern it has given breakout. It has retested the channel thus offers a good trade. Risk to reward ratio is also reasonable at 2.58.

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

Trade active
Entered long today on retesting of Channel boundary.
Trade closed: stop reached

Disclaimer