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TRIDENT LTD

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TRIDENT trade ideas

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.
NSE:TRIDENTLong
by TRADING-NASA
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
NSE:TRIDENTLong
by srini_charts
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. :-)
NSE:TRIDENTLong
by Yoyohoneysingh93
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.
NSE:TRIDENTLong
by TRADING-NASA
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.
NSE:TRIDENTLong
by Indieconomic
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