Federal Bank - Reversal Pattern

I spotted multiple signals in the form of insights on Federal Bank last week. The stock had also formed some sort of a reversal pattern and it looked like it was looking for a bounce back up. After looking at the supertrend flip insight on the 7th, I decided to enter the trade with a 6% target and 5% stop loss. As soon as it closed above the highs and continued up with good volume even on lower timeframes, I entered another position on the 9th.

4 days after my first entry, I hit my target with no drawdown at all.

2 Likes