trident buy trident intial trendline resistance 42, target as per fibo ext min 52, second trg 64 and 3rd target 75. will gain momentum soon buy on every dip .
TRIDENT trade ideas
Trident, A good to go Stock Trident is showing a possible upmove to come. Nice consolidating candles with a volume expansion. Inside weekly candle breakout on 30th October and 26 January showing that stock is confirming its base multiple times before the possible move to come.
CMP-40.90/-
I will add on dips.
Trident near Breakout level we can 57 in few weeks Trident gives a very good break out and we can see level like 57 and 60 in few weeks. this stock to watch for next few weeks this is not a recommendation this is just my views
TRIDENT is strong break out for long term 1 week Trident this is textile stock. Strong trendline breakout of 1 week chart patern. I am so expecting for big movement for long term target also 57, 70++ for around 1 year 🤔
Note :- this is education purpose, a im not sebi registered.
A good view on tridentIt is very nice time to have an analysis on trident
I think it is ready for a very long up trend now
it may take one week to show the clear potential
TRIDENT Long opportunityNSE:TRIDENT
Long term opportunity of approx 25 to 50% up move in price unless the stock changes to downtrend.
Have reversed after downtrend and forming support level.
Target price: (Rs.50 - 60)
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
TRIDENT LTD - TECHNICALS DISCLAIMER
it's just my technical view. I'M NOT A SEBI REGISTERED ANALYST. Before taking trade or Invest consult your financial advisor.
✅Here we provide TECHNICAL Levels and Charts.💯
✅This channel is for educational and self analysis purposes only!
Coming back in formBase formation at bottom. Trendline brekout has already happen.
Wait retest. Can be good chance enter near 34 to 35
Trident LTD looks bullishTrident on the one-day time frame
It has retraced .65% and changed the trend. If it was 2nd impulse wave, it is ready for the most crucial 3rd wave of impulse as per Elliott Wave Analysis, which can take the price up to 133 levels in the near future.
TRIDENTBuy Entry @ 38
Target @ 47
Stop Loss @ 33
Risk Reward 1:3
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Trendline Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Go for Trident!!Why Trident ?
• daily Retracement Successfully done.
• Last swing broken
• Further breakout retracement done
• Candle breaks 20 EMA and closes above that
• Resistance trendline broken
I'm bullish on trident. Let's see what happens!
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Trident can Bullish ?Trident can run bullish side, go long side and keep Target with SL
very good Stock
Happy Trading
Trident LTDLargest Manufacturer of terry towels in the world. World’s largest wheat straw-based paper manufacturer, and one of the major bath linen providers in the US Forward & Backward integration of operation.
Trident is the second-largest player in home textiles and the third-largest yarn manufacturer in India.
The company has a presence in over 150 countries around the world, with marketing offices in Chandigarh, Bhopal, Gurugram, New Delhi, and Mumbai, and overseas operations in New York, USA, Dubai, and UK.
The company launched ‘Vision 2025’, a plan for coordinating Group efforts to improve the company's positioning across all business verticals. Its goal is to reach Rs 25,000 crore by 2025 with a 12% increase in the bottom line. It also aims to establish Trident as a national brand and digitalise it by completing the smart manufacturing or Industry 4.0 journey
Geographical Split FY22
India: 32%
USA: 44%
Rest of World:24%
DISCLAIMER - IT'S MY STUDY PONTS NOT ANY RECOMMENDATION. THIS IS ONLY FOR STUDY PURPOSE.
Good Price Action Triangle in 1DTF! Trident.***The above is simple the price action formed in 1DTF.
>The Supports are numerous... They are 5 good supports!
>The Resistances are 4... The 4th resistance almost took the 3rd one indicates the bullishness in the trend!
>The Trident is Textile stock which has the scope of showing the good numbers in coming Quarters due to Christmas is also a point to
be considered.
>The good accumulation is what I can see now, may be to give a good Break Out.
>The the risk to reward is 2, do Swing Trade and trail the stoploss once the R:R is captured.
***Trade and comment if any doubts in analysis, Thanks!
Looks good for next 5 trading sessions.As this script is following downtrend, resistance levels is must check point before entering into the idea. As it has formed two green candles in last 2 sessions, We can say its taking upward move till 38 as per the trendline. Lets see what happens!
TRIDENT both long and shortResults view,
if numbers is good entry after breakout
if numbers is decent then within range
if the results is bad for short entry after breakout
BREAKOUT IN TRIDENT Trident has given breakout in daily timeframe
Textile sector is good
Trident above 20 ema
Buy now with sl of 33
Trident swing trade opportunity 35 is tha best support at price, have good risk rewards 1:2 max target 41,42
POSSIBLE BREAKOUTSIt moved in range,chart look good,let see which side it break entry above 41 is good after confirmation
Trident on demand zoneTrident seems on demand zone previouse high volume candle created strong support and demand zone.
RSI weekly taken multipole support at 40
Daily time frame RSI also above 40 showing stock trending at high demand zone
