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Anmolshukla
May 27, 2021 5:02 PM

Bullish on Trident Ltd.  Long

TRIDENT LTDNSE

Description

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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