Triveni Engineering - Short term breakoutFormed a nice short term base + sugar prices have gone up by a lot.
Long above 75.75 with a SL below 71.
Once price crosses 78 keep cost as SL. Ideally first target is 81.
TRIVENI trade ideas
Triveni engineering breakingTriveni engineering seems to be in upmove after a long consolidation. It has to cross 81.85 to make a significant move.
Triveni Engineering - Cup and handle patternThe weekly chart of Triveni Engineering Limited shows cup and handle pattern formation. Can accumulate in dips or can buy once the weekly closing is above 84 that is breakout for further up move.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Triveni is looking bullish This is a fundamentally strong Script.
Though this stock is over valued for time being but one can accumulate at 63.45 level and some more at 59.25 level if you are a lucky one.
I can see a possible 1st target of around 83 and further ahead 88.40/ 95.15/ 103.7
Technically it is creating harmonic ABCD pattern ,where BC leg is in formation as a retracement of AB it may be 0.618 or 0.786 level.
Stop loss - 55
TGT : 80 / 88 / 961 : Near support trend line
2 : Positive HULL
3 : Add at 72 or 70.2
I have bought 5000sh @ 72 for near TGT of 80 / 88
#TRIVENI DAILY CHART VIEW!!#TRIVENI DAILY CHART VIEW!!
Triveni Engineering & Industries Ltd. closed at resistance level.
Technical indicators are bullish.
If price trades above 80 level, a breakout is expected.
Keep a watch.
Triveni Engg Buy CMP 77.15
✈️ Target 85/95/105++ SL 68 (participate in buy back offer)
⏳. Time frame 1-3 months
I wont be surprised i it reaches 95 levels in intermidiate term!Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Triveni EngineeringGood resting above a very important resistance zone that was a breached a few weeks ago on good volumes, can rest here before commencing it's trend once again
Triveni Engineering-LONGTRIVENI ENG - Close above 50.20 will give a positive upside. Minimum Target 15%
Current Date :- 13 Sep'18
TRIVENI E
triveni engineering good for long term investing
triveni engineerings is a good bet for potential longterm investors those who can wait for 3 to 5 years time frame.
Buy Triveni Engineering with the target of Rs 105.The stock momentum is good and the trend is confirmed in the way of bullish. We recommend to add at 92 to 95 with the target of 105.
Triveni engineering is a BuyTriveni Engineering has formed bullish flag pattern and might go up in coming days. It can be bought now with a target of 108 and stop loss of 89. To reduce the risk one can wait for a bounce from 92.
Triveni Engineering: ₹73.05 Next resistance ₹85, STOP: ₹70Triveni Engineering & Industries Ltd: ₹73.05 is turning up from a double bottom support,
the stock is in a highly oversold region and having a breakout from the trading range.
Next resistance ₹85, STOP: ₹70
Triveni is a sugar' stock but the fundamentals are not like that, it is having a huge debt burden.
The current performance is somewhat in an acceptable range with sales & profit growth.
Rated two stars out of Five
Market Cap.: ₹1,884.29 Cr.
Book Value: ₹23.38
Debt/equity 2.58 (Huge burden)
Stock P/E: 5.98
Dividend Yield: 0.00%
Face Value: ₹1.00
52 Week High/Low: ₹ 99.90 / ₹ 46.90
Return on capital employed: 3.49%
Number of equity shares: 25.79cr
EPS: ₹9.81
Expected quarterly EPS: ₹4.84 is a good sign.
