This stock has formed Cup and Handle pattern on weekly charts, and possibly look to show upward break out soon. An entry at ₹ 358 with a Target of ₹ 400 - ₹ 420 - ₹ 440 could be achieved. A strict Stop loss of ₹ 320 shall be places
This is the chart of Triveni Engineering & Industries Limited, stock is moving in a fixed pattern and is showing positive momentum towards the upside. According to my analysis it will break the trendline and move further for targets of 365, 390, 415, ATH.
Stoploss - 320
Only for Educational Purpose
Do your own research
This is only for educational purpose
buyers are still looking for buy at 340 320 levels
i am putting too tight stop loss here
but over all buy
lets see
i am testing or learning new
just sharing to know
how it will perform
dont buy
Double bottom breakout:
A double bottom pattern is a bullish reversal pattern in technical analysis that signals a potential change in trend. It forms after a downtrend and looks like the letter "W." This pattern consists of two distinct troughs at approximately the same price level, separated by a peak in between.
Also, a positive divergence is visible on hourly RSI
#Triveni #SwingTrade #momentumtrading #flagpattern #chartpatternbreakout
TRIVENI : Swing Trade
>> Flag Pattern Breakout candidate
>> Good Strength & Volumes
>> Levels mentioned on chart
>>Swing Traders can lock 10% profit & keep trailling
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Disclaimer : This is not a Trade...
📌Bullish Pennant Setup
✅Keep on Radar
TRIVENI
+ Bullish Sugar industry
+ Volume dry up during halt
+ Trading above Key EMAs
+ Go through the chart for more details
Neat Clean Clear breakout in the stock. Increase in Volume is indicating a good sustainable breakout. We can plan a long swing trade in this stock with given SL and Target.
Once it can clear above 334-335 then swift move towards 365-370 is possible. Dont forget the stoploss at 295
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"Success is not final, failure is not fatal: it is the courage to continue that counts"
- Winston Churchill
NSE:TRIVENI stock formed like a symmetrical triangle pattern. buy entry is 314.50 level.
Target 1 325 to 330 .
Target 2 340 to 345 .
Target 3 360 to 365 .
stop loss break and close below the pattern.
BUY - TRIVENI ENGINEERING
CMP - Rs. 348
Target - 1: Rs. 450
Target - 2: Rs. 581
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Timeframe - 2 months - 8 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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TRIVENI | 1week chart analysis
My personal short-term target is 377 .
Keep an eye on TRIVENI for coming days.
Follow us for daily Chart Analysis.
Thankyou,
Happy Trading
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
Triveni Daily looking bullish. It has trendline breakout, with 200 ema support on daily candle. Good to buy at 320 for target of 374 with sl below 284
*This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
*The stocks discussed or recommended here, may not be suitable for all investors. Investors must make...
