Price action logics explained with idea on Triveni TurbineI daily make educational content videos for swing trading ideas
Key stats
Market capitalization
95.633BINR
Dividends yield (FY)
0.42%
Price to earnings Ratio (TTM)
57.15
Basic EPS (TTM)
5.25INR
About TRIVENI TURBINE LTD
ISIN
INE152M01016
Sector
Producer Manufacturing
Industry
Industrial Machinery
Website
triveniturbines.com
Headquarters
Noida
Employees
871
Founded
1995
Triveni Turbine Ltd. operates as a holding company. The firm engages in the operation, manufacture and maintenance of steam turbines. It focuses on power generating equipment and solutions. The company was founded on June 27, 1995 and is headquartered in Noida, India.
REACTED FROM ASCENDING TRENDLINE triturbine cmp 314 stock reacted from ascending trendline can add deep till 302 for 325-340-360
Triveni turbine weekly breakoutTriturbine stock has given a weekly breakout from rising wedge pattern.
Yesterday, the stock closed above 310 which was its ATH closing which was an indication for the breakout. 300-310 will act as a strong support now for the stock. It is better to wait for a retracement and watch the price action
Buy TRITURBINE Above 320 SL 290 In Stock TRITURBINE After Breakout Now its retest Level.
Buy TRITURBINE Above 320 SL 290
Target 380, 440.
#Educational #Engineering #Triveni Turbine - Looking good.#Triveni Turbine -
> Stock in uptrend.
> Breakout with volumes.
> Major MA are in good shape.
> RSI showing strength.
Breakout In TRITURBINECMP : 324
Target : 363
Stoploss : 296
RR : 1:4
This is not a buy or sell call, this analysis is shared for educational purpose.
Triveni Turbine - Long Setup, Move is ON...#TRITURBINE gave an entry at 113.05 on breakout.
Has moved from 113.05 to 262.45 levels.
It is now trading above Resistance 3 of 242.
Next Resistance 4 is at 364.
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer
Triveni Turbine head and shoulderStock has given head and shoulder breakout. The momentum shall continue after a retest at the breakout level and could move towards 360-370.
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