GaneshWadhwa

Trident up-move incoming (1:6 RR)

Long
NSE:TRIDENT   TRIDENT LTD
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.
Comment:
Accumulate on this fall
Comment:
Add more. Falling on low volume
Comment:
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
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