TRIDENT trade ideas
TRIDENT --- potential to give 2X returns in coming monthsNSE:TRIDENT
potential to give 2X returns in coming months
two weeks back gave nice breakout on weekly timeframe at 36
after that made high of 43. now breakout retested
cmp is 39
also making round bottom pattern on weekly timeframe which gives a target of 70
patience required here and let's observe how this progresses
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
TRIDENT TRIDENT , formed Falling wedge and also Head & Shoulders at bottom level .......
Upcoming results on 18th MAY.......
Small cap share so risk will be more/ Promoters increased share holding.......
waiting for up move in price ( must watch volume also ,along with price move)
trade as per risk apatite................
Trident near term Target 35Trident is looking strong. It is near to 38.2% Fibonacci retracement level and from here strong buying should continue. In near term we can see Target of 35. Company fundamentals are good. Company is hiring from top IIT colleges and best professional talent. Production capacity is also increasing every month. Company is on the right track. By 2025 company will achieve 25,000 cr revenue as per it's vision.