TridentInverted head & shoulders breakout
Buy now at 37rs
Accumulate till 34rs
Target 42, 47.
SL 31 below
Trade ideas
Trident price projectionTrident breakout done and it didn't move up now it is retesting, one can enter once it moving up
Father of all trades One of the best trade with classic inverted head and shoulders formation.
This is once in a while trade and targets are humongous.
Do your own research before buying or selling.
TRIDENT | Positional Trade📊 DETAILS
Sector: Textiles & Apparel
Mkt Cap: 20,842 cr
Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals
TTM PE : 45.44 (High PE)
Sector PE : 26.49
Beta : 0.98
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
6.51% away from 52 week high
Outperformer - Trident up by 12.36% v/s NIFTY 50 up by 4.1% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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Trident up-move incoming (1:6 RR)Trident has given a clean breakout of an important resistance with extremely strong volume support. Plus the sector as a whole has seen price increase in recent time which gives this trade more confirmation. One can accumulate the stock around 44 - 46 levels with a stop of 42. Targets can be good if help for medium term. One can expect retest of previous lifetime highs.
Swing or Positional Opportunity in TridentGo Long above 46.8 for Targets of 52.7, 55.65 and 58.6 with SL 43.85
Reasons to go Long:
1. On a daily timeframe the stock gave Trendline breakout.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
Trident Ltd A Fundamentally strong stock
it may turn out to be future multibagger
Rounding bottom on weekly chart
Trident:-
Buy at 24 - 30 - 35 - 42
Stoploss 19
Rounding Bottom Tgt 86
Swing Tgt 57 - 70
Long Term Tgt 100 - 200
Very long term Tgt 500+
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
TRIDENT Swing TradeExcellent chart pattern.
It has come out of resistance after 1-2 years.
Started making Higher Highs and Higher Lows.
Buy only above 47
Stop below 42.8 daily closing basis (DCB)
Target 1 - 65-70
Target 2 - 100++
Trident- Will it form a dent on resistance of 48?Trident- Wonderful RB pattern formed. Gave a false breakout on daily. Currently at resistance of 48. If the candle close is above 49 this week, then quick upmove is seen to the first target of 57 and then to 70 and thereafter very high chances of higher targets getting unfold.
Team Stocks-n-Trends
TridentInverse Head and Shoulders chart Pattern formation is commonly used in technical analysis to predict the reversal of a downtrend.
Trident Breaks Above Support - Time to Go Long?echnical Analysis Update (18 January 2024):
Trident stock has found strong support around the 43 level, as we anticipated in our previous analysis. After a brief dip below this zone, the price has bounced back convincingly, signaling a potential bullish reversal.
Bounce Confirmation: The recent price action shows a clear bullish engulfing candlestick pattern, confirming the rejection at support and suggesting further upside potential.
Entry: Consider entering a long position above the immediate resistance level around 43.50 to 44
Stop-Loss: Place a stop-loss order below the support level at 43 to limit potential losses.
Target: Potential upside targets could be near the recent swing highs around 61 or higher, depending on market momentum
Remember:
This is not financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
Market conditions can change rapidly, so be sure to monitor the stock closely and adjust your trading plan as needed.
Trident - Weekly BreakoutAnalysis for educational purposes only. I am not a registered analyst.
A Higher High Higher Low structure on price action is considered as an uptrend.
- In the weekly chart, we see a breakout of previous Higher High.
- Wait for Higher High retest and enter somewhere close to it.
- Cannot expect a stock to test the exact same value.
- Set SL as previous HL or in cases where there are other lows close by, choose the lowest one.
- Calculate the possible loss assuming the stock hits SL
- If you are OK with the calculated loss, enter.
- Trail the SL at every new Higher Low.
- Wait for breakdown of a Higher Low OR Target
TRIDENT [NEWS]_{TECHNICALLY BULLISH}_(BUY)TRIDENT has closed near an upper circuit. Everyone might be curious about the technical outlook as you can't do anything with fundamental sh*t in a news stock
Is TRIDENT ready to blast ?NSE:TRIDENT
Trident looking good for swing trade if bullish momentum continue in trident
Voumes also good
Buy above - 41.50
Sl _ 35.95
Target - 50-57
Trident is ready to break its 2 years resistance
Best entry - when daily candle close above 41.5
I m not sebi registered take trade at your own risk
Amazing breakout on Weekly / Daily Timeframe - TRIDENTCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Trident Trade Set up for 1:181. Set up: Triangle pattern
2. Pattern: Rounding pattern & Triangle
3. RR extremely lucrative
Trident Ready For Next Marathon-1.7 year old trend breakout
-very high volume
-strong closing in weekly & daily time frame shows strength
-institutions pushing it from lower level
-above all crucial ema & sma
-rsi is not that much strong as of now but it will also show strength
Trident Ltd. - Bullish Breakout with High Reward Potential (NSE)
Trident Ltd. has broken through a key resistance level on the daily chart, signaling potential for significant upward momentum. This idea analyzes the technical setup and outlines a potential trading strategy with attractive risk-reward characteristics.
Key factors supporting the bullish outlook:
Breakout above 44: The stock recently cleared a crucial resistance level at 44, establishing a bullish trend confirmation.
Strong volume: Increased volume accompanied the breakout, indicating strong buying pressure and investor confidence.
Based on these observations, here are some possible scenarios:
Scenario 1: The price continues to move higher in the short term, potentially reaching the next resistance level around 57.
Scenario 2: The price pulls back in the short term as the RSI cools down, but then resumes its upward trend.
Scenario 3: The high valuation and low institutional participation lead to a correction in the stock price.
Trading strategy:
Entry: Consider entering a long position if the price remains above 50 with confirmation from bullish candlestick patterns or If it pull back at 40.
Target: Potential targets can be set at 57 (next resistance level) and 65 (psychological level and longer-term target).
Stop-loss: Place a stop-loss just below the breakout level.
Trident Ltd : Retrenchment and beginning of Upward Trend After the bull run, stock retrenched to 38.20% from all time high. The strong base formed at current level and breakout visible in daily and weekly. chart. As per technical set up. long term target will Rs 111 and short term target is t1 & t2.
Weekly Chart
for a year stock was consolidating and range bound. This week, price given a triangle breakout and volume was highest in a year.
Daily Chart
Since Jun'22, stock continuously facing resistance at 200 ema and finally break that level with bullish candle. Wait for for some retrenchment for entry with restrict stop loss at support level.
Thanks
aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
its good swingggghear is cup and handle pettern in very large time fram dont miss becuse also huge volume
Trident- Can doubleTrident can double from current levels with breakout from downtrend.
Discl- Invested.
BO Idea for $TRIDENT LTD!NSE:TRIDENT LTD already broke this resistance and can move upwards, other indicators are bullish, there should be good volume till the end of this week and that's all!! Enjoy.
Note - This is just an idea and not a Financial Advice! Always do your own research before trading or investing.
