This is the chart of Triveni Engineering & Industries Limited, stock is moving in a fixed pattern and is showing positive momentum towards the upside. According to my analysis it will break the trendline and move further for targets of 365, 390, 415, ATH.
Stoploss - 320
Only for Educational Purpose
Do your own research
#Triveni #SwingTrade #momentumtrading #flagpattern #chartpatternbreakout
TRIVENI : Swing Trade
>> Flag Pattern Breakout candidate
>> Good Strength & Volumes
>> Levels mentioned on chart
>>Swing Traders can lock 10% profit & keep trailling
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Disclaimer : This is not a Trade...
NSE:TRIVENI stock formed like a symmetrical triangle pattern. buy entry is 314.50 level.
Target 1 325 to 330 .
Target 2 340 to 345 .
Target 3 360 to 365 .
stop loss break and close below the pattern.
- Wyckoff Accumulation schematic
- Consolidating for nearly a year
- Seems to be attempting a breakout
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
BUY - TRIVENI ENGINEERING INDUSTRIES LIMITED
CMP - Rs. 274
Target - 1: Rs. 350
Target - 2: Rs. 460
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Technicals - Bullish Symmetrical Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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Chart -> Triveni Eng Daily
Wonderful symmetrical triangle breakout.
CMP: 293
Good Range: 280 to 295
Target: 330, 360
SL: 275 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
BUY - TRIVENI ENGINEERING
CMP - Rs. 284
Target - 1: Rs. 320
Target - 2: Rs. 520
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Technicals -
1) Bullish Symmetrical Triangle nearing BO
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Fundamentals -
A) SWOT ANALYSIS -
1) Strengths -
Stocks with improving cash flow, with good durability.
High Revenue and Profit Growth with a High Return on Capital Deployed (ROCE) and Low PE ratio.
High growth...
Stock has already given breakout from its W pattern on 19th Sep, now price is coming for retest. For further upside moment in the stock stock has to close above 294.
Any price between 270-260 is good level to enter the trade, with stop loss @ 242.
All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own...
TRIVENI ENGINEERING as per daily chart analysis stock has broken the resistance 230 level and stock above 254 for a target 264. As per my view tomorrow might be a bearish day after a initial rise or gap up.
Triveni Engineering : Long Term Holding, Fundamentals are saying This is the Best Sugar Mills of the related group ( Group leader )
today breakouts with high volume.
Triveni is a market leader in Sugar, Ethanol & Alcohol, Power Transmission, and Water Treatment Solutions in India.
The has made a new 52 weeks high today , volume is strong and it looks a solid breakout
Chart is self explanatory; SL below 205 levels. Can wait to go long if it breaks through the channel with volumes. If stock retraces, enter at lower channel for a rangebound upmove.
*** I am not SEBI Registered Advisor. Kindly consult with your advisor before taking trade. ***
