Trident Ltd : Retrenchment and beginning of Upward Trend

After the bull run, stock retrenched to 38.20% from all time high. The strong base formed at current level and breakout visible in daily and weekly. chart. As per technical set up. long term target will Rs 111 and short term target is t1 & t2.

Weekly Chart
for a year stock was consolidating and range bound. This week, price given a triangle breakout and volume was highest in a year.

Daily Chart
Since Jun'22, stock continuously facing resistance at 200 ema and finally break that level with bullish candle. Wait for for some retrenchment for entry with restrict stop loss at support level.

Thanks
aJ

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Comment:

pause and resume!!

Comment:

t1 achieved !!

Comment:

after facing a multiple resistance at Rs 44, price finally given a volume breakout.