Its 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...
This 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...
I am a noob trader, I started doing some price action analysis. I came across this stock Triveni Turbine Limited, which I feel just gave a breakout with increasing volume.
Maybe I am completely wrong, any experienced trader can look into this and suggest whether my view about this stock is correct or not.
It might be a false breakout aslo.
Thanks in advance.
📊 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
⚠️...
🔘 After last quarter's earnings, the stock went up by 40% in just 2 days
🔘 Strong bounce after the retest of the previous breakout zone
🔘 Trading near ATH
Entry can be taken above 510-515 with the stoploss near 490!
If it forms tight candles here, it will be a not-to-miss setup but if it moves immediately tomorrow then I will be a little hesitant to pull the trigger!
#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...
#TRITURBINE trading above Resistance of 364
Next Resistance is at 486
Support is at 241.95
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
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...
This stock has shown double bottom on weekly charts and Technical parameters shows strength to perform in a short run. With RSI turning positive, one can buy ₹ 446 with a target of ₹ 550 - ₹570 for 3 - 4 months period. Stop loss is advice at ₹ 370
It crosses 456.65
Entry price: 456.65
Stop loss : 312 ( if hits this then 31% loss)
Target: 740
I am not SEBI registered, this trade idea is only for reference purposes , If not capable of taking the loss then please don't enter in the trade.
Triveni Turbine Will Touch 450 Levels In the Upcoming Days From the Current market price the Results are also good we can see a strong momentum in upcoming days.
. NSE:TRITURBINE
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Disclaimer: This is not buy or sell signal it is just for educational purposes.
