Buy Trident Ltd. at current market price with stop loss placed below 47 and target of rs. 80 to 90 within a time frame of 1 year.
Charts of trident are looking positive and broken above the downtrend channel which is bullish reversal sign with price volume action. Recently one white shoulder pattern creation has confirmed the bullish reversal.
If anyone ...
...... Levels plotted on chart.
Disclosure: Information shared here can be my view or real trades.
As i am not SEBI regd. analyst, Take this information as study/education purpose only.
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Scrip is gearing up with MACD momentum to reach to target price and beyond
Rest in charts.
Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum
2) Rebound from support levels where resistance has become support now
Aiming towards TP and beyond thereon after entry confirmation ...
The scrip can go either ways. If going in bearish mode, The bears can manage to retrace the scrip back to its default surge start..
Chances of bearish reversal due to:
1) %william near overbought situation and showing downward trend although yet to see confirmation
2) Evening star candlestick pattern in play
Bulls again taking control after breakout and sudden ...