Trident idea for bullish....Now the price of Trident is at 2nd last support. There is about 80 to 85% chance that the price will signal a slight bull from here. Only then can you think of buying it otherwise wait for the last support.
TRIDENT trade ideas
TRIDENT 1:10+ RR trade set upSupport and Resistance
Support Levels: S1 at 33.61, S2 at 33.36, S3 at 33.114.
Resistance Levels: R1 at 35.21, R2 at 34.81, R3 at 34.564.
Volume Analysis
Trading volume is 14,205,622 shares, which is higher than the 20-day average volume of 11,666,702 shares, indicating increased interest35.
Price Range
52-week range: Rs 31.07 (Nov 22, 2024) to Rs 52.90 (Jan 09, 2024)1.
Current price is about 10.3% above the 52-week low and 35.2% below the 52-week high.
The stock is showing mixed signals with bearish short-term trends but potential for upward movement. Traders should watch for price action around key support and resistance levels for potential entry or exit points. The increased volume suggests heightened investor interest, which could lead to increased volatility in the near term.
Trident !! Can be a Multibagger StockHow's the josh Traders ??
Trident price is in range and not breaking out its Up level, But as per Elliot waves, this stock is Completed its wave 2 correction.
We can clearly see Trident Price has been took support near 0.618% of wave 1 Fibonacci Levels, So 0.618% assumes that Wave 2 correction is over and new impulse Wave 3 is about to begin.
So i am betting on Trident.
BUY TRIDENT
TARGET 1 : 130
TARGET 2 : 200
NOTE : This is for educational Purpose please take trade Referring to your financial advisor.
HAVE A GOOD DAY TRADERS
Trident Ltd Bullish Setup | Key Support Zones in Play Trident Ltd is showing signs of a potential reversal from key support zones. The price is holding within a strong support range .
Support 1: ~35-36
Support 2: ~32-33
Target: ~41
Immediate resistance is seen around 41, which could act as a potential target area .
However, if the price breaks below both support zones, this bullish view will be invalidated.
Disclaimer: This is not financial advice. I am not SEBI registered, and this is not a buy or sell recommendation. Always do your own research.
TRIDENT GO LONG FOR 2-3 YearsStock Name: TRIDENT
Why to add in a portfolio:
Technically:
1. Stock in a triangle but hoping this will give breakout soon
2. Weekly Breakout above 44
3. Support White line
Fundamentally:
1. Revenue: Overall Revenue Rs 6808 cr in 2024.
2. Promotors have 73% Equity.
Once stock break 40-44 range then this will became bullish.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
TRIDENT - Reversal possible - confirmations still pendingPrice analysis & overview:
1. Weak buying
2. Strong bullish trendline BO formation is needed to confirm the momentum.
3. Volumes are dry.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Trident LimitedTrident Limited
Medium Term View
Cmp 40.78 SL 33 TAR 70 +
time frame 5 Months
Rsi Bo & Price Bo
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
Trident NSE Date - 22 March 2024
Time - 10:30 AM
WHAT is,
1. VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades.
2. POC- The price level for the time period with the highest traded volume.
-As we can see, since last year Trident is doing HH and HL. (Bullish)
-After using Fixed Range Volume Tool for both long and medium time periods we have find that 36-37 Rs is where long term VAH volume and medium term POC + 100 Ema is also meeting at same price and creating strong support.
-Today's price movement is confirming strong support at 36-37 Rs.
So, with a SL of 32.40 (Prev HL) We can LONG Trident for Medium Term.
Thank You!
Have A Good Day!
Trident 37.75 - Profit Making opportunity (30% to 50%) or moretrident has been consolidating for while and it was in sideway trend.
by looking at volumes and deliverable quantities stock is expected to move upside.
it shows buyer's are interested to buy this stock and its shows strong buy signal.
1. if stock breaks 42 we might see it move up to Rs 51
2. Best buy around 37 to 38 stoploss 35.50
Trident looks interesting The stock is facing resistance at 42 level and interesting part is the all time high obv which is not always bullish but when price start moving in the direction of obv can lead to multibagger return
Keep an eye on this stock . Something is cooking here
Trident LtdReturn of 14.96% in 14 months.
Target.65.93,90.84
Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals
pros
Company has been maintaining a healthy dividend payout of 38.7%
CONS
The company has delivered a poor sales growth of 5.34% over past five years.
Company has a low return on equity of 13.7% over last 3 years.
trident rounding bottomtrident in formation of rounding bottom pattern.
only for educational purpose
Trident | Swing Trade | Opportunity Hello friends,
Another stock reach at its demand zone and break level of chart pattern.
Trident has exhibited a significant breakout from its well-defined triangle chart pattern. This technical indicator suggests a potential shift in momentum, making it an attractive prospect for swing traders looking to capitalize on short- to medium-term price movements. The breakout implies increased buying interest and potential upward price action, indicating a favorable entry point for traders aiming to maximize their returns over a few days to several weeks. This pattern breakout, supported by increased volume, underscores the strength of the move, reinforcing its credibility as a trading opportunity.
Do you own analysis and trade with your risk management strategy.
Like | Share | Comment
Regards
Thank you.
Trident May 2024 Current price @ 39.70The stock has been consolidating for few months. Stocks has the potential give 30% returns.
Q4 results will be published on 15 May, if results are good stock will trade up to Rs 49.
Short term basis
buy around 39 target of RS 42.90, 44 stoploss 36
Long term Basis
target of Rs 46, 52.60
stoploss Rs 35
Trident : Double bottom -Good Above 42 for C&H Pattern28/Apr -
The Chart is forming Double Bottom pattern above 42, which on completion will form Cup & Handle Pattern.
One can take small tracking qty at 42 and top up until 52 for next targets
Potential Targets and Stop Loss plotted on the chart.
Tip : Setup Alert when crossing above 42 on daily closing basis
Disclaimer : Educational Content and not a Recommendation.
Trident looking Very Strong Above Trendline Ready to break trendline + Resistance area
volume + rsi also rising shows strength
it can give decent return in very short term, keep in radar
TRIDENT possible reversal candidate.As the chart suggests, Cup&Handle retest in weekly time frame, observe the price action and plan your trade.
TridentInverted head & shoulders breakout
Buy now at 37rs
Accumulate till 34rs
Target 42, 47.
SL 31 below
Trident price projectionTrident breakout done and it didn't move up now it is retesting, one can enter once it moving up
Father of all trades One of the best trade with classic inverted head and shoulders formation.
This is once in a while trade and targets are humongous.
Do your own research before buying or selling.
TRIDENT | Positional Trade📊 DETAILS
Sector: Textiles & Apparel
Mkt Cap: 20,842 cr
Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals
TTM PE : 45.44 (High PE)
Sector PE : 26.49
Beta : 0.98
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
6.51% away from 52 week high
Outperformer - Trident up by 12.36% v/s NIFTY 50 up by 4.1% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Trident up-move incoming (1:6 RR)Trident has given a clean breakout of an important resistance with extremely strong volume support. Plus the sector as a whole has seen price increase in recent time which gives this trade more confirmation. One can accumulate the stock around 44 - 46 levels with a stop of 42. Targets can be good if help for medium term. One can expect retest of previous lifetime highs.
