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Yes2Profits
Oct 12, 2021 4:02 PM

FEDERALBNK - Potential BreakOut Candidate Long

FEDERAL BANK LTD.BSE

Description

The stock has been moving within a range for quite a few months.

However, the setup in the current market and its bullish RSI levels looks ripe for BreakOut for this stock if it crosses and sustains over 90.
Expected levels are 97 and 104.

Keep a tight stop loss, probably around 86 levels once the trade is initiated. Or you can adjust basis your own risk profile.

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Trade closed: target reached

Target 1 reached on Oct 21

Trade closed: target reached

Target 2 reached on Oct 22
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