Stock choosen- FEDERALABNK
According to price pattern theory, I have witnessed double bottom pattern, with point A at the range of 42.9 on 12/2/2016 and with point B at the range of 42.7 on 7/4/2016, where I also witnessed high volume after the second bottom and the duration was more than one month, thus conforms a double bottom. So I created long position at point C at the range of 50.7 and made a stop loss according to the previous bottom at the range of 42.5, from the stop loss I made an equivalent value of target at the range of 58.9 and thus made a profit of 8.2 per stock.
