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.
Trident broke its triangle pattern. have revised my target. 1:4 risk reward. *Not an investment advise*
Known the bears are coming back and the market in dilemma but Trident has a chance Look at the divergence, Hope its saves with its strength ! Let see how it works
Currently Side ways Closing above 44 on Daily and Weekly Time Frame Strong buying may come
Descending Triangle Having a good potential to breakout
TRIDENT as per day chart analysis Stock Above 39.20 Target 40.20 Happy Profitable Trading to all...
Price break the trend line with good volume ,and price take a support from 50 SMA ,wait for a retest ,then go for long .
TRIDENT today broke the almost 1 year falling trendline with great volume. Earnings are scheduled for 14-Nov, so looking for a good up move of 21-55%. There is a strong support at 33-35 region Entry - 37-38 Target 1 - 46 Target 2 - 56 SL - 32.50 Study the stock clearly before entering.
Hey this is some thing that is going to make you millonare Yes this is a millonare Stock So...... NSE:TRIDENT
Trident is looking good on daily chart by breaking a falling trendline resistance and closed above by following a closing above on it's 20 day moving average too with good gaining volumes so we can see coming good um moves in this stock very soon. Cause of long-: 1- Falling trendline resistance breakout. 2- 20 days moving average breakout. 3- Nicely gaining volumes.
In weekly chart, Trident is showing weakness and forming bearish flag pattern. Now consolidating since 3 months, if break down of its flag then new support at 23-27 as mentioned in chart itself. Keep eye on it. Quarterly results is also squeezing.
Trident may breakout soon. After touching it's resistance for three times now it's ready to break 42 level.
The chart show the wonderful short term strength. If tomorrow stock cross 43 mark with good amount of volume, then it may give good amount of return in short term. Disclaimer: - The above article is my personal opinion & it may be wrong, please do your research before investing.
Trident has formed a wedge patttern on weekly chart and given a breakout.Trident can be added positionally for a target 1 of 44.25 then second target of 49.1 with a sl of 35.