TRIVENI trade ideas
TRIVENI Long idea intradayLooking good above 232.5 aggressively or Safe entry will be above 235 level
TRIVENI ENG. Dated 14 dec 2021 CMP 225 given a good breakout in channel pattern. this is for educational purpose i would not responsible for your profits. do your own analysis and comment if you buy it.
TRIVENI ENGINEERING : BULLISH Buy@CMP
TGT - 250 & 260
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Triveni Engineering Breakout Triveni is a market leader in Sugar, Ethanol & Alcohol, Power Transmission, and Water Treatment Solutions in India.
The has made a new 52 weeks high today , volume is strong and it looks a solid breakout
Bullish breakout setup Triveni Engineering The pattern is nice round bottom setup.
Price has consolidated since end June.
During the down move volume contracted.
During the up move the volume has picked up.
Volatility contraction can be seen.
More bullish bars than bearish bars during volatility contraction.
Entry above 211
Stop loss 192
Triangle Breakout with retest and continuation || Triveni EngSelf-explanatory chart and title! A good opportunity for 15% returns. Can be bought for a target of 235. CMP is 205 and SL will be 190 on a closing basis. 1:2 Risk reward ratio. Do follow for more ideas!
Triveni above Resistance ZoneClea Breakout of the Resistance zone in Triveni with good volume and other perspectives. Buy around 210-215. Stop loss and Targetare mentioned on chart.
Triveni Engineering Trading in Parallel Channel; Breakout chanceChart is self explanatory; SL below 205 levels. Can wait to go long if it breaks through the channel with volumes. If stock retraces, enter at lower channel for a rangebound upmove.
*** I am not SEBI Registered Advisor. Kindly consult with your advisor before taking trade. ***
TRIVENI TARGET UPDATE 11-11-21Look fresh in range 195-205 for upside 260/300 MED TERM with SL 160..!!!
TRIVENI LOOKS GOODS FOR SWING TRADEBUY 215-216.50 Target 235 SL 183-DKM SIR
i can see the upmove
buy and hold as per your risk
Triveni Engg - VCP BreakoutSL below 200. TGT 15%+. Entry 2% +/- from CMP . Sugar sector showing strong momentum.
TRIVENI ENGINEERING preparing for breakout indications for breakout -
1.formation of cup and handle pattern on daily time frame
2.failed once and again approaching resistance level with volume
3.increasing in volume with bullish candle
4.% of Deliverable Quantity to Traded Quantity 42.46 % recorded on date 2-11-21
this analysis is for education purpose only.
Triveni Engg - How to read weekly bars
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
TRIVENI : BREAKOUTBuy@CMP
TGT - 230 & 240
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
Uptrend Continuation- Triveni EngineeringHello all,
I am here again with one more strong stock. The purpose is not to give you any call but to make you learn how to analyze a stock:)
The stock after giving a good uprun, went into correction mode. Interestingly, it formed a rounding bottom during this price as well as time correction. The volumes as you can see were almost dead during the declining phase of the rounding bottom while the volumes shot up as the stock moved towards the completion of the pattern.
Today, it has finally broken the previous high created on 6th July with volumes. An entry at this point would give a good RR.
SL can be kept at previous pull back which is around 192 (see on line chart).
Takeaways:
1) Develop your eyes to see any pattern formation.
2) Keenly observe the price action. (in this case, the price correction from 6th July to 28th Sept was covered by just three green bars).
3) Focus on volumes as well with price.
4) Also observe the previous trend (in this case the stock is in a strong uptrend and is hence likely to continue it's journey)
I hope you will all reflect on this analysis and learn.
Do share your feedback/suggestions/advice with me in the comments section:)
Happy Trading!
TRIVENI Giving Move !Stock is in uptrend.
Giving a all time high breakout with good volumes.
Formed a Cup and Handle Pattern and giving breakout.
Go Long if Stock Sustain above 212 or can go long after retest from the same level.
Trail your SL for good gains.
Also Please do your own analysis before buying.
