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GaneshWadhwa
Feb 1, 2024 9:56 AM

Trident up-move incoming (1:6 RR) Long

TRIDENT LTDNSE

Description

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
Comments
anigandhi007
Holding it for last swing target
Bullcrackers
hold it tightly strong bullish pattern
availableTruff30986
Any update on this?
GaneshWadhwa
@availableTruff30986, Keep holding. Can even accumulate more. Stock has taken good support on 50 DMA
availableTruff30986
@GaneshWadhwa, Good Recovery thank you bhaiya
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