-1.7 year old trend breakout
-very high volume
-strong closing in weekly & daily time frame shows strength
-institutions pushing it from lower level
-above all crucial ema & sma
-rsi is not that much strong as of now but it will also show strength
Trident Ltd. has broken through a key resistance level on the daily chart, signaling potential for significant upward momentum. This idea analyzes the technical setup and outlines a potential trading strategy with attractive risk-reward characteristics.
Key factors supporting the bullish outlook:
Breakout above 44: The stock recently cleared a crucial...
After the bull run, stock retrenched to 38.20% from all time high. The strong base formed at current level and breakout visible in daily and weekly. chart. As per technical set up. long term target will Rs 111 and short term target is t1 & t2.
Weekly Chart
for a year stock was consolidating and range bound. This week, price given a triangle breakout and volume...
NSE:TRIDENT LTD already broke this resistance and can move upwards, other indicators are bullish, there should be good volume till the end of this week and that's all!! Enjoy.
Note - This is just an idea and not a Financial Advice! Always do your own research before trading or investing.
#TRIDENT may be new #multibagger 🚀
CMP 37.40
Verge of pattern #breakout in DTF& WTF
Monthly CPR is inside &narrow indicates upcoming breakout on upside
#GOLD
Triden looks good to buy for short term view. After significant fall from its high it has shown reversal signs.
Entry near 36.50 / retest level.
Target: 39/42/44
SL: 35.50~35.
RR: 1:3/1:5.
NSE:TRIDENT
potential to give 2X returns in coming months
two weeks back gave nice breakout on weekly timeframe at 36
after that made high of 43. now breakout retested
cmp is 39
also making round bottom pattern on weekly timeframe which gives a target of 70
patience required here and let's observe how this progresses
This analysis is being done for...
