Short and Long buy on trident with below technical sign or till time hold EMA 20 cross below EMA 50.
Cross over EMA : 50 , 100, 200
F & P patter break out with volume
Lux algo cross
Long term retarce from 38.2
BUY - TRIDENT LTD
CMP - Rs. 37
Target - 1: Rs. 52
Target - 2: Rs. 69
Target - 3: Rs. 94
.
Technicals - Bullish Flag Breakout
.
Timeframe - 4 months - 1.5 years
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
TRIDENT Daily looking bullish.. It has trendline breakout/Inverted head and shoulder breakout structure with 200 ema on daily candle support.
Good to buy at retracement near 34 for target of 44 with sl below 32
BUY - TRIDENT LTD
CMP - Rs. 32
Target - 1: Rs. 50
Target - 2: Rs. 67
Target - 3: Rs. 98
.
.
Technicals - Bullish Wedge BO
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
TRIDENT , formed Falling wedge and also Head & Shoulders at bottom level .......
Upcoming results on 18th MAY.......
Small cap share so risk will be more/ Promoters increased share holding.......
waiting for up move in price ( must watch volume also ,along with price move)
trade as per risk apatite................
Trident is looking strong. It is near to 38.2% Fibonacci retracement level and from here strong buying should continue. In near term we can see Target of 35. Company fundamentals are good. Company is hiring from top IIT colleges and best professional talent. Production capacity is also increasing every month. Company is on the right track. By 2025 company will...
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Go Long above 40.4 for Targets of 45.3, 50.2, and 55.1 with SL 35.5
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing...
Direct entry at demand area. Has the probability of taking out all the liquidity on the upside. Weekly looks bearish and might retrace to the weekly premium area after bearish impulse move.
It seems that Trident has completed a Flat 3-3-5 correction with wave 5 of C ended in ED.... Now it has started new Impulse or give a corrective wave B..... So it can be bought from here or on dips, as if it will cross 41 we can see immidiate Targets of 57-60.
