Triveni Engineering has formed bullish flag pattern and might go up in coming days. It can be bought now with a target of 108 and stop loss of 89. To reduce the risk one can wait for a bounce from 92.
Triveni Engineering & Industries Ltd: ₹73.05 is turning up from a double bottom support,
the stock is in a highly oversold region and having a breakout from the trading range.
Next resistance ₹85, STOP: ₹70
Triveni is a sugar' stock but the fundamentals are not like that, it is having a huge debt burden.
The current performance is somewhat in an acceptable...
Most of sugar stock already made fancy run. Triveni is somehow diversified company execpet sugar production engaged in Water treatment, turbine etc and can move more higher at future. But short term I am expecting another 5-8%.
