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TRIDENT

TRIDENT - Reversal possible - confirmations still pendingPrice analysis & overview: 1. Weak buying 2. Strong bullish trendline BO formation is needed to confirm the momentum. 3. Volumes are dry. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:TRIDENT
by SuperNova396
2
Trident NSE Date - 22 March 2024 Time - 10:30 AM WHAT is, 1. VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades. 2. POC- The price level for the time period with the highest traded volume. -As we can see, since last year Trident is doing HH and HL. (Bullish) -After using Fixed Range Volume Tool for both long and medium time periods we have find that 36-37 Rs is where long term VAH volume and medium term POC + 100 Ema is also meeting at same price and creating strong support. -Today's price movement is confirming strong support at 36-37 Rs. So, with a SL of 32.40 (Prev HL) We can LONG Trident for Medium Term. Thank You! Have A Good Day!
NSE:TRIDENTLong
by KRSCharts
Trident | Swing Trade | Opportunity Hello friends, Another stock reach at its demand zone and break level of chart pattern. Trident has exhibited a significant breakout from its well-defined triangle chart pattern. This technical indicator suggests a potential shift in momentum, making it an attractive prospect for swing traders looking to capitalize on short- to medium-term price movements. The breakout implies increased buying interest and potential upward price action, indicating a favorable entry point for traders aiming to maximize their returns over a few days to several weeks. This pattern breakout, supported by increased volume, underscores the strength of the move, reinforcing its credibility as a trading opportunity. Do you own analysis and trade with your risk management strategy. Like | Share | Comment Regards Thank you.
NSE:TRIDENTLong
by apstockanalysis
6
TRIDENT | Positional Trade📊 DETAILS Sector: Textiles & Apparel Mkt Cap: 20,842 cr Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals TTM PE : 45.44 (High PE) Sector PE : 26.49 Beta : 0.98 📚 INSIGHTS Mid-range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 6.51% away from 52 week high Outperformer - Trident up by 12.36% v/s NIFTY 50 up by 4.1% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:TRIDENTLong
by Munish_Jain
10
Trident Breaks Above Support - Time to Go Long?echnical Analysis Update (18 January 2024): Trident stock has found strong support around the 43 level, as we anticipated in our previous analysis. After a brief dip below this zone, the price has bounced back convincingly, signaling a potential bullish reversal. Bounce Confirmation: The recent price action shows a clear bullish engulfing candlestick pattern, confirming the rejection at support and suggesting further upside potential. Entry: Consider entering a long position above the immediate resistance level around 43.50 to 44 Stop-Loss: Place a stop-loss order below the support level at 43 to limit potential losses. Target: Potential upside targets could be near the recent swing highs around 61 or higher, depending on market momentum Remember: This is not financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Market conditions can change rapidly, so be sure to monitor the stock closely and adjust your trading plan as needed.
NSE:TRIDENTLong
by TRADING-NASA