Trident can run bullish side, go long side and keep Target with SL very good Stock Happy Trading
Largest 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...
***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...
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!
Results 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
Trident has given breakout in daily timeframe Textile sector is good Trident above 20 ema Buy now with sl of 33
35 is tha best support at price, have good risk rewards 1:2 max target 41,42
It moved in range,chart look good,let see which side it break entry above 41 is good after confirmation
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
Breakout With Volume And Support For Long - 05/09/2022
Once we get confirmation we will think of entry into share corresponding to looking at fundamental and demand for textiles
Trident is forming Flag & Pole Pattern on Weekly Chart Fresh entry only above weekly closing 40 Target 70+ Stop Loss 30
Reason for long a) Ww pattern in triangle breakout b) Volume and price spurt c) index support Duration 1 month : 11% SL
Breakout can happen in upcoming few days in Trident be ready to go with flow
Yesterday we have posted Trident View.. Pls check out precious post also
Trading at important support zone, recent quarter is not good. Let's see what happens in future.
TRIDENT now forms harmonic pattern , this junction is a good buying opportunity bcz risk reward is good, in short term we expect 50+ levels