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[𝗧𝗥𝗔𝗗𝗘 𝗥𝗘𝗣𝗟𝗔𝗬]

STOCK: #VOLTAS

DATE: 13th September, 2024

TRADE LOGIC: Trendline Breakout+ Supertrend confirmation along with Volume

Indicators used:

1. Supertrend (ATR Length: 9, Factor: 2)

2. UP/Down Volume (Default Settings)

𝗧𝗥𝗔𝗗𝗘 𝗦𝗨𝗠𝗠𝗔𝗥𝗬:

Voltas was trading in a small Trendline range forming a Triangular pattern. There was 2 possible trajectory of the stock as mentioned. SUPERTREND was suggesting a bullish momentum, once the Price breaks the Trendline, we see the Buyers intersted in pushing the price upwards and once the Re-Test confirmed, trade placed on next bullish candle with the Stoploss below Supertrend.

𝗧𝗥𝗔𝗗𝗘 𝗥𝗘𝗦𝗨𝗟𝗧𝗦:

Stock given a rally from 1876 to 1935 (3.14%)

Generated a good ROI of 35% in Call side premiums based on this.

𝗡𝗢𝗧𝗘: This is only for Educational Purpose and no further Trading recommendations on this stock. Please manage your Risk Reward to grow your wealth

#𝙀𝙖𝙧𝙣𝙞𝙣𝙜_𝙣𝙚𝙚𝙙𝙨_𝙇𝙚𝙖𝙧𝙣𝙞𝙣𝙜

𝙁𝙤𝙡𝙡𝙤𝙬 𝙛𝙤𝙧 𝙢𝙤𝙧𝙚