Trident up-move incoming (1:6 RR)

Feb 1

Trident has given a clean breakout of an important resistance with extremely strong volume support. Plus the sector as a whole has seen price increase in recent time which gives this trade more confirmation. One can accumulate the stock around 44 - 46 levels with a stop of 42. Targets can be good if help for medium term. One can expect retest of previous lifetime highs.

Feb 6

Note

Accumulate on this fall

Feb 9

Note

Add more. Falling on low volume

Feb 13

Note

Keep holding. Long wick candle on hourly timeframe right at 50 dma support. The volume has been substantially low on the recent fall. This usually signals an upmove