Trident will going to boost your wealth.NSE:TRIDENT Trident seems operating within range.
Mostly will hit 15.25 then to higher levels >15.50
Everything is marked on the chart-- points,trend lines can be used for trading along with some momentum indicators .
Try to look out for a confluence of these parameters
This is NOT investment advice. This chart is meant for learning purposes only.
This is my personal journal. Invest your capital at your own risk.
Trade ideas
TRIDENT- GOING DOWN? IMPORTANT LEVELS TO LOOK AT!Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators.
Try to look out for a confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is NOT investment advice. This char is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Investment picks: Trident Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Sep 2017 to Sep18 Qtr%
Sales 1,121 1,094 1,186 1,131 1,392 24.17484389
Expenses 947 894 974 936 1,130 19.32418163
Operating
Profit 174 200 212 196 261 50
OPM % 16% 18% 18% 17% 19% 18.75
Other
Income 35 32 2 8 10
Interest 32 25 28 28 26
Depreciation 102 101 98 94 92
Profit before tax 75 105 88 82 153 103
Tax % 32% 30% 42% 27% 29%
Net Profit 51 73 51 59 109 113.7254902
It is good to buy on dips around 65-66 with SL around 60 for the TP of 95/100