Triveni Turbine LONG Trade Targets HITTriveni Turbine – 15-Minute Chart Analysis
Triveni Turbine delivered a strong long trade setup, successfully achieving all target levels. The bullish momentum was well-supported by the Risological Trendline , confirming the uptrend and providing a reliable entry signal. The stock demonstrated a steady rise, with price action respecting key support levels before breaking out to higher targets.
From a fundamental perspective, Triveni Turbine reported solid financial results for the December quarter. The company posted a consolidated net profit of ₹924 million, reflecting strong earnings performance. Revenue from operations stood at ₹5.03 billion, indicating healthy top-line growth. Additionally, the company declared a dividend of ₹2 per share, reinforcing investor confidence.
The technical breakout aligns with strong fundamentals, making this a well-structured trade. The entry was well-timed around ₹500, with targets extending to ₹632. The stock maintained higher highs and higher lows, a classic sign of strength. The breakout momentum was sustained, pushing prices past key resistance levels.
With both technical and fundamental factors supporting the rally, Triveni Turbine has demonstrated strong upside potential. However, traders should monitor price action for any signs of consolidation or retracement after this sharp move. Future price action will determine whether the stock can sustain its gains or require a pullback before the next leg up.
