Triveni Turbine cmp 798.20 by Daily Chart view*Triveni Turbine cmp 798.20 by Daily Chart view*
- Resistance Zone 801 to 815 Level
- Volumes surging over the past few weeks
- Daily basis Support at 733 > 651 > 584 with Resistance only at ATH 843.95
- *Bullish Double Rounding Bottom ready for the Fresh Breakout beyond the ATH*
- *Stock trading majorly within the Daily Rising Price Channel ready to breach the ATH 843.95 for the New Lifetime High Milestone creation*
Triveniturbine
TRIVENI TURBINES - Swing Trade Analysis - 15th May #stocksTRIVENI TURBINES (1D TF) - Swing Trade Analysis given on 15th May, 2024
Pattern: CUP & HANDLE BREAKOUT
- Daily Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Bullish Breakout: Triveni Turbine Signals Potential UpmoveDetails:
Asset: Triveni Turbine Limited (TRIVENI)
Breakout Level: Sustaining above 650
Potential Target: Upside momentum expected
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Triveni Turbine Limited (TRIVENI) is indicating a potential breakout above the 650 level, accompanied by breaking out of a channel pattern. Sustaining above this level could signify a bullish sentiment shift and could lead to a significant upmove.
Market Analysis:
Technical Breakout: Breaking out of the channel pattern and sustaining above 650 suggests a technical breakout, potentially attracting buying interest and driving the price higher.
Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in TRIVENI.
Price Target:
The potential upside target for TRIVENI is not specified but is expected to be significant if the breakout sustains.
Risk Management:
It's crucial to implement a stop loss strategy below the breakout level to manage risk in case of unexpected price reversals.
Timeframe:
The projected upside move for TRIVENI is based on a short to medium-term outlook, but actual timing may vary based on market conditions.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
TRITURBINE Analysis & Prediction For Swing TradingThis is the analysis of TRITURBINE in Daily Time Frame. Watch carefully. The chart explains itself. If it will sustain above the breakout level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TRITURBINE :
Triveni Turbine Ltd. operates as a holding company. The firm engages in the operation, manufacture and maintenance of steam turbines. It focuses on power generating equipment and solutions. The company was founded on June 27, 1995 and is headquartered in Noida, India.
triveniturbineNSE:TRITURBINE
triveni turbine buy if daily candle close above 245 or 19 sep 20222 weekly candle sustain above 245
else view fail
if condition 1 is true then
first target 285 with sl 196
final target 368.55 with trailing sl will be update
holding : all target should be complete before 13 march 2023
Triveni Turbine: Interesting, if not consolidatesNSE:TRITURBINE catches my eyes because of:
Based on D/S: it's in a supply zone for sure.
But momentum is showing bullishness. (However it's often seen from RSI 70 level it can dips also)
Volume is very high.
There are 3 possibilities:
Supply will kick in and pushed the price down 280 level (if today's low is broken)
Breakout happens. Then it will head towards 350.
Consolidates b/w 300 and 310.
TRIVENI TURBINE - DAY CHART - 07.01.2023 - BAHAVAN CAPITALTRIVENI TURBINE as per Day Chart Analysis Stock
ABOVE 256 TARGET 260
Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr.
Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle.
So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc...
Happy Weekend...
Diwali Pick: TRIVENI TURBINEAfter giving a multiyear breakout stock is rising in an impulsive manner and broken the parallel channel which suggests that a third wave is in progress. The Stock is forming higher highs and higher lows in all the time frame which is the basic definition of an UPTREND. The previous resistance zone of 200-215 shall act as a support in the coming months and stock should its uptrend towards 460 and 590 in the coming months.
Triveni Turbine Breakout 1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since November 2021, NSE:TRITURBINE has given a breakout today. Buy with a stop just below ₹215. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
Strengths: -
1. 10 year and 5 year average ROE more than 15%
2. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 173(greater than 3 is good), FCF to CFO at 79%
3. Dividend yield at 0.56% (consistent dividend payer since 2012 except in the year 2019)
4. FIIs have been increasing their stake since Dec'2019
Weaknesses: -
1. Stock is trading at 9.04 times its book value
2. The company has delivered a poor sales growth of 2.74% over the past five years
3. Earnings include an other income of Rs.230 Cr
4. DIIs have been decreasing their stake since Sep'2021
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
TRIVENI TURBINE AS ON 17.01.2022 TARGET ACHIEVEDposted 14.01.2022 TRIVENI TURBINE above 205 for a target 210 and on 17.01.2022 stock made a high 209.70 and closing at 204.50. AND on 18.01.2022 stock made a high of 212 and closing at 199. And also posted message on 14.01.2022 NIFTY has a strong resistance at 18340 / 18348 and only if it crosses and sustain its in the Bull hand. Today 18.01.2022 Nifty exactly could not break 18340 & 18348 and fell into bears hand. 19.01.2022 and 20.01.2022 could be bears paradise.
TRIVENI TURBINE DAILY CHART ANALYSIS AS ON 14.01.2022TRIVENI TRURBINE as per daily chart analysis stock above 205 for a target 210. Resistance at 211. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.