praveen.bhatiya

Rectangle pattern Breakout

Long
praveen.bhatiya Updated   
NSE:FEDERALBNK   FED BANK
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

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