trident has now reached to the narrow range of converging line...here we have good buying opportunity...with high risk to reward ratio....
buy price : 38.85
stoploss : 34.75
target : 63.55
This study shows you the instantaneous compound interest/Compound Annual Growth Rate over the defined length. Can be considered good to identify the trend of a particular stock. Also, you can define a comparative line like say 14%, when this limit is crossed, the stock is performing better than the average index value mentioned.
Simple Inputs:
Length: period...
Trident has formed a descending triangle pattern. If it gives breakout in upside then a bullish move can be expected.
Otherwise, it will be bearish trend.
PS - Trade at your own risk. This is only for educational purposes.
Trident Limited, the flagship company of the Trident Group, is a leading manufacturer of yarn, Bath Linen, Bed Linen and wheat straw-based paper, Chemicals and Captive Power. Currently, the company has manufacturing facilities in Barnala (Punjab) and Budhni (Madhya Pradesh).
Trident is looking good for accumulations, draw a kind of vertical line cause it could find resistance to go below
could act a good support check yours if find fundamentals are good add on dips
Breakout soon to happen if its breaks out the triangle pattern with a good volume.
If it breakdown 42 will the support zone.
if it give positive breakout in 55...it will rise up.
#SHORT-TERM#
#FRIDAY#
NSE:TRIDENT
@VK2413
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TRIDENT stock has formed the neck pattern.
time to evaluate it's STRENGHT !!!
it's a good stock which have potential to give more than 20% in short term.
it took support from 48-49 levels, it always moved upward !!
EVEN GOOD FOR LONG-TERM (more than 50-60 % within 5-6 months)
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BUY TRIDENT
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TRIGGER:-...
Hi guys we will buy trident because it has fallen quite a lot after the crash and has stabilised a little bit and if we look at the Us and
the India markets they are looking bullish so trident will also show signs of bullishness and it would be pretty good trade.
That's all make sure to follow and like
Bye
TRIDENT LTD, CMP is around support levels and the stock just breached 50 day MA, well it is conditional short look at the present market condition, if the stock holds support and if it breaches then stock will come in the range to correct the same and can go till 40. watch out.
DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
Trident Ltd. engages in the manufacture, marketing, and distribution of yarn, terry towels, paper, and chemicals. It operates through the Textiles; and Paper and Chemical segments. The Textiles segment offers yarn, towel, bedsheets, dyed yarn manufacturing, and utility services. The Paper and Chemical segment includes paper and sulphuric acid. The company was founded by Rajinder Gupta on April 18, 1990 and is headquartered in Ludhiana, India.
NSE
![TRIDENT: Instantaneous Compound Interest Rate - [Bhushan]](https://s3.tradingview.com/a/AuqgMB8L_mid.png "Instantaneous Compound Interest Rate - [Bhushan]")
