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[𝗧𝗥𝗔𝗗𝗘 𝗥𝗘𝗣𝗟𝗔𝗬]

STOCK: #EXIDEIND

DATE: 27th September, 2024

TRADE LOGIC: Parabolic SAR+ Supertrend confirmation.

Indicators used:

1. Parabolic SAR {Default settings}

2. Supertrend {ATR Length:9, Factor:2}

𝗧𝗥𝗔𝗗𝗘 𝗦𝗨𝗠𝗠𝗔𝗥𝗬:

Exide Ind. closed on a positive side on previous trading session above the Supertrend. The high low marked for initial 30mins. The Parabolic SAR suggested a bullish momentum along with the Supertrend. Once the 30mins high breaks, entry triggered with the Stoploss of 30mins low. Kept trailing SL until the Parabolic SAR changes its direction.

𝗧𝗥𝗔𝗗𝗘 𝗥𝗘𝗦𝗨𝗟𝗧𝗦:

Stock given a rally from 476.5 to 500.4 (5.01%)

Good trade captured with a RR ratio- 1:4.5

𝗡𝗢𝗧𝗘: This is only for Educational Purpose and no further Trading recommendations on this stock. Indicators are just a confirmation for your direction but the actual movement depends on various factors. Please manage your Risk Reward Ratio to grow your wealth.

#𝙀𝙖𝙧𝙣𝙞𝙣𝙜_𝙣𝙚𝙚𝙙𝙨_𝙇𝙚𝙖𝙧𝙣𝙞𝙣𝙜

𝙁𝙤𝙡𝙡𝙤𝙬 𝙛𝙤𝙧 𝙢𝙤𝙧𝙚