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TRIDENT LTDTRIDENT LTDTRIDENT LTD

TRIDENT LTD

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TRIDENT trade ideas

Trident - Need some indicators :/🎯 The chart is self-explanatory as always. 🎯 The price is back in the range after a quick upmove 🎯 The game zone is an acting support with 100 WEMA guarding it. 🎯 A break of the game zone may bring back the price to the next support zone 🎯 Or, We may see some sideways momentum until the range breaks on the upside ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times.
NSE:TRIDENT
by TheChartereds
Potential Trade analysis for Trident for Target 🎯 of 2 times ..Potential targets for Trident Ltd.: ### Entry Point (Buy): - **Buy Price**: Considering the support at INR 39.50 and the rebound witnessed at this level, you might consider entering near this price, provided the stock shows signs of stability or upward momentum. Wait for a confirmation of reversal, like a bullish candlestick pattern or increased volume on up days. ### Stop Loss (SL): - **Stop Loss**: Setting a stop loss slightly below the recent support level at INR 34.45 can help mitigate the risk. A reasonable stop loss could be around INR 33.50, providing enough buffer to account for usual market fluctuations without exiting the position too early on minor dips. ### Price Targets: 1. **First Target (T1)**: The first target could be set near the previous resistance level, around INR 50.00, which has acted as a barrier in the recent past. 2. **Second Target (T2)**: If the momentum continues and the stock breaks past INR 50.00, the next target could be around the INR 59.25 to INR 70.20 range, where the stock has previously encountered resistance. ### Trade Rationale: - **Entry**: The rationale for entry near INR 39.50 is due to its historical support, where the stock has rebounded previously, indicating buying interest. - **Stop Loss**: The stop loss at INR 33.50 provides a safeguard against potential downward trends and is below a significant support level to account for volatility. - **Targets**: The targets are based on historical resistance points where the stock has faced selling pressure, making them logical points to take profits. These trade levels are suggestive and depend on continuous monitoring of the stock’s performance and overall market conditions. Adjustments may be necessary based on new data and market movements.
NSE:TRIDENTLong
by TRADERSMONK07
Trident - Go LongTrident Share in the last 2 months has been on a downward trajectory and looks all set to break the same. The accumulation phase looks like it has been completed. Expecting to touch the 39 and 43 levels in short term Fundamental Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals Company has been maintaining a healthy dividend payout of 41.3% Debtor days have improved from 26.5 to 15.9 days. Company's working capital requirements have reduced from 72.6 days to 45.7 days The company has delivered a poor sales growth of 6.79% over past five years. Company might be capitalizing the interest cost Since Last 1 year there has been slight increase in FII shareholding
NSE:TRIDENT
by EquityandSecurity
Trident - An Opportunity to BuyAs per previous chart history and technical analysis along with Fundamental inputs of the stock, it indicates that you can buy or hold your stock for profit in short term as per chart analysis. Wait for reversal for better entry or Buy above 46 and hold for big profit. If broken downward, a big bearish trend is seen on the downside chart All major points & downward levels mentioned on chart Do your own research because I am not SEBI registered person and this is my personal opinion about this stock Thanks for your support as always
NSE:TRIDENTLong
by ForexTrader4all