Designed a setup which could catch potential moves above to come in FO stocks and backtested same on stocks in Jul 2020. Most of the moves last month cought very well and best trade was #TATACONSUMER and #DRREDDY. Got buy signal at Rs 425 and exit signal still not came but exited in massive profits.
Look below what a nice chart is
Below is the overall result of setup. total 11 trades and back tested profit is 6.42 lacs