TRIDENT LTD. stock forum
TRIDENT one of the popular stock of 2020-21. Down-trending stock.
Today breaks the 200DMA with high volume indicates, investors are getting ready to accumulate.
TRIDENT say this chart on 27/07/2023 and the RHAS pattern is developing on the chart which shows a bullish momentum in this stock. this gives a target of 44.75 on TRIDENT which should come in next 6 months to 1 year. even if takes 1 year isn't this a handsome profit of 28% in an year ?? CMP-33.10 Target- 44.75
Potential- 28%
TRIDENT BUYING APPROCH ( Daily TF)
1. it is being resisted by downward trendline and previous high.
2. Divergence between price and volume.
3. Divergence between price and MACD'S histogram
