TRIVENI:- Rounding Bottom Pattern Formed, wait for breakout. keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful...
With sugar prices on the move again Triveni with its expanded ethanol capacity could do very well
Long above 283.50.
Stoploss below 270.
The price could break a trendline resistance and move much higher if sugar prices continue to rise.
Stock has already given breakout from its W pattern on 19th Sep, now price is coming for retest. For further upside moment in the stock stock has to close above 294.
Any price between 270-260 is good level to enter the trade, with stop loss @ 242.
All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own...
Stock Name - Triveni Engineering & Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 295
#This is not Buy and Sell recommendation to any one....
triveni eng ....
1 - forming double bottom
2 - bullish rsi momentum 72
3 - very good volume
4 - price trading above 100 ma
buy above day high
t1 , t2 , t3
Stock looks good for a move up at the break of plot
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their...
Channel bottom plus horizontal support on weekly. Convergence ! Get in at these levels. Sugar sector will bounce and best bet in Sugar. Disinvestment also on the cards and will be value unlocking for the shareholders.
Triveni Engineering is at key levels. The price is resting at the 30 week MA and on an ascending channel support... while the week is not over yet, one can monitor till close to end of today and take position as per ones risk appetite... a close below the channel negates any long trade and that is stop loss level.
This chart is explaining static and dynamic support.
here horizonal base line is creating as static support
and 200 EMA is creating dynamic support
arrow upside mark below 200 EMA is showing dynamic support for price
arrow upside mark below horizontal line is showing horizontal support line
click like button if you like this support tutorial
NSE:TRIVENI broke out from ascending triangle pattern.
Closing is strong and volumes are very good.
Enter 30% position at C.M.P and rest after retrace.
Potential BTST trade can also be taken in view of today's huge momentum candle. If trade doesn't work out, hold with strict stoploss.
Targets: 280/300/320
Sl to be placed below the pattern (210 levels)
Position...
TRIVENI ENGINEERING as per daily chart analysis stock has broken the resistance 230 level and stock above 254 for a target 264. As per my view tomorrow might be a bearish day after a initial rise or gap up.
Triveni Engineering : Long Term Holding, Fundamentals are saying This is the Best Sugar Mills of the related group ( Group leader )
today breakouts with high volume.
DON'T HAVE MUCH TIME TO TRACK TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of...
Go long when candlestick crosses trendline. Place stop loss below swing low or trendline low, according to risk appetite.
Not a SEBI registered analyst. Do your own research before taking up trade
