TRIVENI TARGET UPDATE 11-11-21Look fresh in range 195-205 for upside 260/300 MED TERM with SL 160..!!!
TRIVENI
TRIVENI ENGINEERING preparing for breakout indications for breakout -
1.formation of cup and handle pattern on daily time frame
2.failed once and again approaching resistance level with volume
3.increasing in volume with bullish candle
4.% of Deliverable Quantity to Traded Quantity 42.46 % recorded on date 2-11-21
this analysis is for education purpose only.
Triveni cup and handle, rsi above 60Triveni forming a cup and handle, it's touching all-time high, fib R2 breached in the daily timeframe.
Good fundamentals, Ethanol and hydropower generation catalyst
MULTIPLE BREAKOUTS AND RETEST WITH GOOD VOLUMESThe stock was in a non stop uptrend for the past 1 year and after taking a break it has started rising again after multiple breakouts and retests as shown in the chart and RSI also shows it is very strong.
FOLLOW this account for more such content ahead
Till then,
Happy Trading :)
TRIVENI ENGINEERING BREAKOUTTriveni Engineering has given vertical breakout. volume looks decent for a good upmove. targets and stoploss are marked on the chart.
TRIVENIBreakout Retest and confirmation in Triveni. Positional traders can watch this for a better entry. Good fundamental stock.
TRIVENI - Brekout - Swing tradeLooks good for swing traders with a very good RR of 1:3. Good fundamental stock.Plan your risk first. SL below the lower TL @165
Triveni Eng - Possible BuyLooks Consolidated for too long
Holding its support
Broke the Downtrend line finally
Great Risk to Reward
Triveni Engineering Price Action Analysis BullishPositional Trade:
Buy: Triveni Engineering
CMP: 192
Target 1: 210
Target 2: 213
Stop Loss: 178
Triveni - Breakout (Target - 225, SL 161, Buy zone 181.23)Triveni Enginering
Past stock goes from 80 to 180 in less than 2 months.
now again ready for big move
Above 21 MA, 55 MA, 100 MA.
Supertrend is positve
RSI is Good.
Buy zone - 181.23 (vwap of 8th june)(bullish candle with high vol.)
Stop loss - 161.20 or 161 (lower of High vol. candle) + match with Fibonacci
Target - 225 (using Fibonacci)
Risk to Reward Ratio - 1:2
correct me or Guide me, if i'm wrong at some point.
#MyFirstTrade
#TRITURBINE 107 to 122+ 15% return #Nifty #bankbifty #energy #it#TRITURBINE
NSE: TRITURBINE
CMP 107.50
TARGET 122++
HOLD AFTER BOOKING APART!
Long Term Target 146++
Factors:
BREAKOUT
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 146 in longer time.
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With 💚 from Rachit Sethia
Triveni Engg Buy CMP 77.15
✈️ Target 85/95/105++ SL 68 (participate in buy back offer)
⏳. Time frame 1-3 months
