#SHORT-TERM#
#FRIDAY#
NSE:TRIDENT
@VK2413
{
TRIDENT stock has formed the neck pattern.
time to evaluate it's STRENGHT !!!
it's a good stock which have potential to give more than 20% in short term.
it took support from 48-49 levels, it always moved upward !!
EVEN GOOD FOR LONG-TERM (more than 50-60 % within 5-6 months)
}
BUY TRIDENT
{
TRIGGER:-...
Trident is preparing for a bull run we can expect the short term target 70.00₹. a little wait can bring some good news we are waiting for a candle to closed above 63₹ if that happened on hourly chart. get ready for continuous upper circuit. All risk subject to market risk. discuss with your advisor before investing... Happy trading
Trident had hit its UP over last few days and considering the RSI and MA the share may hit the support to fill the gap. Probably the support at 40-45. Long term investors can accumulate and short term swing traders can use the opportunity to gain 20-40% on significant reversal. Let keep an eye.
#accumalate #longterm
TRIDENT has breached resistance and moved up. Can attain 60 plus levels in short term.
Strong Relative Strength
Note: This is for Educational Purposes only and
not a buy recommendation.
Consult your financial advisor before
entering into trade.
I AM NOT SEBI REGISTERED
TRIDENT LTD: Strong Relative Strength Positive
Both Adaptive & Static RS Positive
Strong Fundamental Stock. We may see long-term breakout
above 44 levels on a closing basis.
Technical parameters look positive.
Note: This is for Educational Purposes only and
not a buy recommendation.
Consult your financial advisor before
...
Trident Ltd. is a fundamentally very strong Textile Stock.
It has given 100% move from 19 to 40+ in last 2 months.
This is the weekly Tradingview Chart.
It is very High Beta Stock with very high Relative Strength.
It has strong resistance at 42.5-43.5 zone.
Likely to see another multi-year breakout at 44 levels on a closing basis.
It can be held for the long...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to...
Trident is in Pennant Pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after...
Candles are forming an ascending triangle which is a sign of good consolidation. Price is likely to break out upwards. Enter only after successful break out as RSI is overbought on a monthly chart. Entry at 17.50 SL 16.95 Target 18.80, 21.60.
Fundamental
1. Strong financials, can consider for long term.
2. Trading at lower value due to bad quarterly results, accumulate at a fair value.
3. Business operations should go up once the pandemic is over and lockdown restrictions are lifted.
I consider it a potential multibagger.
Technical
1. ADX rising in a sideways trend, possible breakout.
Price...
