Trident trendline breakout with huge spike in volumes and target marked on charts and to get more this types of trade kindly follow me on front page@ahesanalirajedia
Breakout in TRIDENT
Entry: CMP
Targets: 44 & 50
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
trident has now reached to the narrow range of converging line...here we have good buying opportunity...with high risk to reward ratio....
buy price : 38.85
stoploss : 34.75
target : 63.55
Trident has formed a descending triangle pattern. If it gives breakout in upside then a bullish move can be expected.
Otherwise, it will be bearish trend.
PS - Trade at your own risk. This is only for educational purposes.
This study shows you the instantaneous compound interest/Compound Annual Growth Rate over the defined length. Can be considered good to identify the trend of a particular stock. Also, you can define a comparative line like say 14%, when this limit is crossed, the stock is performing better than the average index value mentioned.
Simple Inputs:
Length: period...
Trident Limited, the flagship company of the Trident Group, is a leading manufacturer of yarn, Bath Linen, Bed Linen and wheat straw-based paper, Chemicals and Captive Power. Currently, the company has manufacturing facilities in Barnala (Punjab) and Budhni (Madhya Pradesh).
Trident is looking good for accumulations, draw a kind of vertical line cause it could find resistance to go below
could act a good support check yours if find fundamentals are good add on dips
Breakout soon to happen if its breaks out the triangle pattern with a good volume.
If it breakdown 42 will the support zone.
if it give positive breakout in 55...it will rise up.
Trident : Can deliver 100 % returns from here ??
stop : 13.7
tgt 32
For medium term
Follow RISK MGMT and tRADE mgmt principles ..
Trade at your own risk and risk bearing capacity
![TRIDENT: Instantaneous Compound Interest Rate - [Bhushan]](https://s3.tradingview.com/a/AuqgMB8L_mid.png "Instantaneous Compound Interest Rate - [Bhushan]")
