Trident will Reach 55 soon..according to my analysis trident will cross 55 in 2021..
if you want to buy trident buy below 38. I have mentioned short term target and stop loss in chart as well as other levels.
Stock was in over bought zone but now its safe to buy.
Analysis :
RSI (54) A medium buying zone..
Up trend
good market cap and volume.
good rejection
other ideas :
"Trident is placed nicely to become a Multibagger once again, Investors with patience for 12-24 Months, would be able to see the levels of 130-150."
Is Trident a multibagger?
Educational Purpose Only..
TRIDENT trade ideas
TRIDENT ..............BREAKOUT On the Daily Chart, TRIDENT LTD. has formed a bullish candle and seems to be making a Breakout.
The company has a lot of potential in terms of businesses they are in as well.
** Pls note that I am not a SEBI registered advisor. This analysis is just for educational purposes. Kindly contact your Investment advisor for investment related queries.
Trident price update , {reverse head and shoulder }a reverse head and shoulder graph seen in trident indicating a possible breakout ,
company is also showing strength on a gross basis in their financials .
after a sideways movement affected by short term profit booking it can show major uptrend.
TARGET 45 SHORT TERM 50/70/100 + LONG TERM
STOP LOSS 37.23
#TRIDENT_ltd.TRIDENT ltd.
Technical view
above 21 days EMA (bullish)
at Trendline support (bullish)
after a strong breakout in Jan 2021, its consolidating with dry volumes.
Relative Strength viz a viz NIFTY is positive
Fundamental view
Promotor increased its holding in the December quarter from 71% to 73%
positive cash flow.
Disclaimer: Educational post