Trade ideas
TRIDENT RESISTANT BREAK OUTonce breaks above 20 rs, expect upper circuit.
this is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Bullish on Trident Ltd. Fundamental
1. Strong financials, can consider for long term.
2. Trading at lower value due to bad quarterly results, accumulate at a fair value.
3. Business operations should go up once the pandemic is over and lockdown restrictions are lifted.
I consider it a potential multibagger.
Technical
1. ADX rising in a sideways trend, possible breakout.
Price Range
Buy above 17.50 for
Target 1 = 19.3 (~10%)
Target 2 = 22.2 (~27%)
Target 3 = 24.3+ (~38%)
NSE:TRIDENT
BSE:TRIDENT
Trident - will the pattern repeat??Company fundamentals are good. One can treat this as an investment also.
Trident - Expecting more than 20% returns in short span
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
TRIDENT: VCP PATTERN BREAKOUTNSE:TRIDENT
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
Trident - Pennant Pattern, Highly bullishTrident is in Pennant Pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Ascending triangle formationCandles are forming an ascending triangle which is a sign of good consolidation. Price is likely to break out upwards. Enter only after successful break out as RSI is overbought on a monthly chart. Entry at 17.50 SL 16.95 Target 18.80, 21.60.
Resistance Breakout + Retesting Complete !!Positional & Investment Pick
Create Position above 17.45 or When RSI on daily Charts crosses 60 Levels.
Trident ltd 1 hr chart analysisThere is a chance of breakout at up side in 1hr. The trident is forming a trainglepattern in 1 hr, if its break at upside it will move at the target level.
Trident buyGreat buy opportunity with the trident buy now and the target is may 38-47 and the target is moving very quick. So book quickly before the target is reach.
Waiting for BreakoutSL :- 13.65, T1 :- 19.20, T2 :- Almost 24 or 25. Waiting for breakout at T1. If you are a risk taker then buy before breakout. For risk taker Risk/Reward ratio :- 2:44 . Also analyze on your own. Happy Trading...
Symmetrical triangle Flag breakout1. Symmetrical triangle breakout on daily chart.
2. Flag pattern breakout on daily chart
3. Volume breakout on daily chart
Flag pattern breakout Trident was in consolidation for quite some time and now a flag pattern breakout has occurred. Volumes are also good. Can be bought for a short term target of 19 .
Please like and follow!
Happy Trading :)
TRIDENT LTD ANALYSISTrident stock moved in range since January and gave breakout now. It also retraced and now finding support at previous high.
Trident - short term (1 to 3 months)weekly breakout
buy @ cmp 18 rs
taret1 -- 20.50
target 2 -- 25.50
target 3 -- 35
Stop loss - 13
