TRIDENT trade ideas
Trident Penny Value investingTrident is fundamentally good diveesified company
after making high of 70 from lows of 3rs, it has retraced around 50%, i.e. 36.75
This seems value are, one can accumlate at this price for long term, if it comes lower add more.
Good company as penny investment. maximum 10% of your portfolio.
Targets : 70,100 and much more
-Saptarish Trading.
Trident Trident (TRID) reported a strong performance in the Home Textile and Paper segments, driven by robust demand with the easing of pandemic woes. The demand trend in Home Textile is expected to continue, with major export demand bouncing back in FY22E. While we maintain our FY22 earnings estimate, on factoring in a) the growth opportunity with the normalization of business operations as well as b) an improving demand outlook, we increase our FY23E/FY24E earnings estimate by 11%/9%.
TRIDENT LTD - TRIDENT(NSE) | BULLISH RECTANGLETRIDENT LTD - TRIDENT(NSE) has been forming a Bullish Rectangle since the start of December 2021. A long candle cutting the top green line upwards or a bounce-back from the bottom red line can be considered as a good buying opportunity. In the second case, the top green line can be set as the target. Watch out.
TRIDENT BREAKOUTBUY : TRIDENT
CMP : 56.05
SL : 46
SHORT TERM TARGET : 60 - 66 - 70
TIMEFRAME : 3 MONTH
Short term Indicators
- MACD about to have a crossover
- strong RSI at 62
- Bollinger Band squeeze Breakout
- Huge volume
Can hold for LONG TERM
Fundamentally strong stock
Potential to be MULTIBAGGER
LONG TERM TARGET : 100 - 200 - 300 ++
TIMEFRAME : 1 - 2 YEARS