TRIDENT LTDLong
Bullish on Trident Ltd.
Updated
Fundamental
1. Strong financials, can consider for long term.
2. Trading at lower value due to bad quarterly results, accumulate at a fair value.
3. Business operations should go up once the pandemic is over and lockdown restrictions are lifted.
I consider it a potential multibagger.
Technical
1. ADX rising in a sideways trend, possible breakout.
Price Range
Buy above 17.50 for
Target 1 = 19.3 (~10%)
Target 2 = 22.2 (~27%)
Target 3 = 24.3+ (~38%)
TRIDENT
TRIDENT
1. Strong financials, can consider for long term.
2. Trading at lower value due to bad quarterly results, accumulate at a fair value.
3. Business operations should go up once the pandemic is over and lockdown restrictions are lifted.
I consider it a potential multibagger.
Technical
1. ADX rising in a sideways trend, possible breakout.
Price Range
Buy above 17.50 for
Target 1 = 19.3 (~10%)
Target 2 = 22.2 (~27%)
Target 3 = 24.3+ (~38%)
TRIDENTTRIDENTTrade active
Enter rs 17.4-17.55Note
Target 1 and Target 2 hit, partial profits booked.Trade closed: target reached
Target 3 hit and crossed. CPM ~ Rs. 26, 150% returns!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.