Trident 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
Trident give a nice channel breakout but its now consolidated with same range its only strong above 42.5 level then only we can expect some good amount of target
Trident 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 fair value is around Rs 50 to Rs 53.
if you still don't have this stock in your portfolio then you must think about it about 🤷 what to do with this stock ❤️👑
1st Target🎯70
2nd target 🎯80
Stop loss💔48
Risk reward ratio🎁4.5
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To make right🟢👍decision
Make your own analysis
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...
