TRIDENT LTD. - Swing Trade Analysis - 30th July #stocksTRIDENT LTD (1W TF) - Swing Trade Analysis given on 30th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
Tridentltd
Trident near term Target 35Trident is looking strong. It is near to 38.2% Fibonacci retracement level and from here strong buying should continue. In near term we can see Target of 35. Company fundamentals are good. Company is hiring from top IIT colleges and best professional talent. Production capacity is also increasing every month. Company is on the right track. By 2025 company will achieve 25,000 cr revenue as per it's vision.
Trident - Chart analysisTrident 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: Strong Relative StrengthTRIDENT 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
entering into trade.
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