Get started
TRIVENI TURBINE LTDTRIVENI TURBINE LTDTRIVENI TURBINE LTD

TRIVENI TURBINE LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

TRITURBINE trade ideas

TRITURBINE: A Technical Breakout Backed by Strong FundamentalsTriveni Turbine Ltd. Stock Symbol: NSE:TRITURBINE Market Cap: INR 23,700 crore Buy Range: INR 767-805 Current Price: INR 795.80 (as of October 13, 2024) Introduction Triveni Turbine Ltd., a leading player in the industrial steam turbine market, is positioned for significant growth due to its robust order book, growing presence in international markets, and strong financial performance. Coupled with a recent technical breakout on the charts, this stock is showing promising signs for investors and traders alike. In this article, I will analyze both the technical setup and the fundamental strengths that make Triveni Turbine a stock worth watching. Technical Analysis The recent price action of Triveni Turbine showcases a bullish breakout from a well-defined consolidation phase. Let’s dive deeper into the technical indicators driving this breakout. Consolidation Phase : Over the past few months, Triveni Turbine had been trading within a narrow range, oscillating between INR 670 and INR 750. The stock formed a descending trendline that acted as resistance, suppressing any potential price rise. Such consolidations often lead to strong price movements, depending on which way the breakout occurs. Breakout: On October 11, 2024, the stock decisively broke above the trendline resistance, hitting a new high of INR 805, closing at INR 795.80—an impressive +6.88% gain for the day. Breakouts from consolidation phases like this often indicate that a new uptrend may be forming, with more upside potential. Volume Spike : A key confirmation of this breakout is the noticeable spike in volume. The breakout occurred on significantly higher-than-average volume, signaling strong buying interest. A volume increase typically accompanies strong breakouts, suggesting the move is backed by institutional or large-scale buying. Support and Resistance: Post-breakout, immediate support is established around INR 750-770, where the stock had previously struggled to move past. The next resistance zone lies around INR 840, which would be a key level to watch in the short to medium term. Technical Indicators : The 50-day moving average (MA) is trending upwards, further supporting the bullish momentum. The stock is currently trading above its MA, adding to the strength of the ongoing price trend. In conclusion, the breakout from consolidation, supported by rising volume and positive technical indicators, suggests further upside potential for Triveni Turbine. Fundamental Analysis Now, let’s turn to the fundamentals, which further bolster the case for Triveni Turbine’s potential for sustained growth. Industry Leader in Steam Turbines: Triveni Turbine holds a dominant market share of over 60% in India’s industrial steam turbine market. Its steam turbines, used across more than 20 industries and installed in over 75 countries, make it a global leader in the space. Industries like sugar, steel, cement, chemicals, and waste-to-energy systems all benefit from its innovative turbine solutions, especially as demand for decentralized power generation grows. Record-Breaking Financial Performance: In Q1 FY25, the company posted its highest-ever quarterly revenue and EBITDA. Notably, the EBITDA margin expanded by 240 basis points year-over-year, showcasing significant operational improvements. This robust performance sets a strong foundation for continued financial success in the coming quarters. Impressive Order Book: Triveni Turbine’s order book stands at an impressive INR 1,600 crore, offering strong visibility for revenue well into FY26. The company's quarterly order bookings surged by 40% year-on-year, with exports accounting for a substantial 66% of the total. The company's increasing focus on international markets offers immense growth potential, while the domestic market remains poised for recovery in the coming quarters. Aftermarket and Refurbishment Services: One of the standout growth areas for Triveni Turbine is its aftermarket and refurbishment services. This segment has seen notable growth in revenue share and operates at higher margins compared to its core product sales. With the ability to service and upgrade turbines from other OEMs, Triveni Turbine is uniquely positioned to capitalize on long-term customer relationships and expand its presence in this high-margin segment. Focus on Renewable Energy: As industries and governments globally push for renewable energy solutions, Triveni Turbine’s expertise in waste heat recovery and waste-to-energy systems gives it a competitive edge. The growing demand for renewable energy solutions and decentralized power generation will further enhance the company’s growth prospects in the future. Growth Catalysts Several factors make Triveni Turbine a compelling growth story: Rising global demand for decentralized steam power systems. Strong export performance, with 66% of orders coming from international markets. Expanding margins from high-margin services like aftermarket and refurbishment. Leadership in renewable energy applications, particularly in waste-to-energy and heat recovery systems. Risks to Consider While Triveni Turbine is fundamentally strong and the technical chart signals bullish momentum, there are some risks to be aware of: The subdued domestic performance in Q1 FY25 due to the election cycle. However, this is expected to recover in the coming quarters. Currency fluctuations may impact export margins, as a significant portion of revenue is generated from international markets. Conclusion With both strong technicals and robust fundamentals, Triveni Turbine Ltd. presents a compelling opportunity for both traders and long-term investors. The recent breakout on the chart, combined with the company’s strong order book, growing international presence, and focus on high-margin services, make this stock a strong contender for future gains. However, as always, investors should exercise caution and consider their risk tolerance before making any investment decisions. Given the breakout, the stock is now trading within the buy range of INR 767-805. Those looking to enter should watch for potential pullbacks to the support zone around INR 750 or look for continued strength above INR 805. Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making investment decisions.
Editors' picks
NSE:TRITURBINELong
by rajsharmatt
2
Triveni Turbine - Breakout Setup, Move is ON...#TRITURBINE trading above Resistance of 687 Next Resistance is at 816 Support is at 552 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TRITURBINELong
by MandeepSinghKohli
1
TRITURBINE bullish; above 682 ? - Thursday 8th Aug.TRITURBINE: Bullish if ~ 9-week resistance is broken on good volumes and sustains. The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%) Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
NSE:TRITURBINELong
by JJ_Breakouts
Crossover - TRITURBINE📊 Script: TRITURBINE 📊 Sector: Capital Goods - Electrical Equipment 📊 Industry: Electric Equipment Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages also giving Crossover. 📈 Right now RSI is around 71. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 537 🟢 Target 🎯🏆 - 591 ⚠️ Stoploss ☠️🚫 - 507 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TRITURBINELong
by radha_23
Bullish Breakout: Triveni Turbine Signals Potential UpmoveDetails: Asset: Triveni Turbine Limited (TRIVENI) Breakout Level: Sustaining above 650 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Triveni Turbine Limited (TRIVENI) is indicating a potential breakout above the 650 level, accompanied by breaking out of a channel pattern. Sustaining above this level could signify a bullish sentiment shift and could lead to a significant upmove. Market Analysis: Technical Breakout: Breaking out of the channel pattern and sustaining above 650 suggests a technical breakout, potentially attracting buying interest and driving the price higher. Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in TRIVENI. Price Target: The potential upside target for TRIVENI is not specified but is expected to be significant if the breakout sustains. Risk Management: It's crucial to implement a stop loss strategy below the breakout level to manage risk in case of unexpected price reversals. Timeframe: The projected upside move for TRIVENI is based on a short to medium-term outlook, but actual timing may vary based on market conditions. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:TRITURBINELong
by CyborgTradingHub
Triveni Turbine, attempt at breakoutIts attempting a Breakout, volumes are ok but not very high as expected on a breakout, lets see if it holds? Not confirmed 100%, say 75%, I will update if i get time. Disclosure: i hold the stock bought over last year. This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor. This is purely a technical chart observation, please check the fundamentals before investing. And consult your financial adviser.
NSE:TRITURBINELong
by Mukadam
TRITURBINE Analysis & Prediction For Swing TradingThis is the analysis of TRITURBINE in Daily Time Frame. Watch carefully. The chart explains itself. If it will sustain above the breakout level, it is good for the stock. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About TRITURBINE : Triveni Turbine Ltd. operates as a holding company. The firm engages in the operation, manufacture and maintenance of steam turbines. It focuses on power generating equipment and solutions. The company was founded on June 27, 1995 and is headquartered in Noida, India.
NSE:TRITURBINELong
by suraranjanganguli
Triveni Turbine - Breakout Setup, Move is ON...#TRITURBINE trading above Resistance of 486 Next Resistance is at 552 Support is at 364 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TRITURBINELong
by MandeepSinghKohli