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
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,...
Analysis 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...
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
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
Checkout 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...
-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. 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...
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...
Reason for long
a) Wave 3 possibility
b) Fundamentally good company
c) Price may double in two years
d) SL compulsory
e) super vwap breakout
f) QQE long
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.
#TRIDENT may be new #multibagger 🚀
CMP 37.40
Verge of pattern #breakout in DTF& WTF
Monthly CPR is inside &narrow indicates upcoming breakout on upside
#GOLD
![TRIDENT: TRIDENT [NEWS]_{TECHNICALLY BULLISH}_(BUY)](https://s3.tradingview.com/e/e4QvCPr0_mid.png "TRIDENT [NEWS]_{TECHNICALLY BULLISH}_(BUY)")
