Anmolshukla

Bullish on Trident Ltd.

Long
NSE:TRIDENT   TRIDENT LTD
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%)

NSE:TRIDENT
BSE:TRIDENT
Trade active: Enter @Rs 17.4-17.55
Comment: Target 1 and Target 2 hit, partial profits booked.
Trade closed: target reached: Target 3 hit and crossed. CPM ~ Rs. 26, 150% returns!
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