Trident Chart Analysis 07/01/2024 Long : 40 Sl : 36 Target : 44 / 48 / 52 Enjoy !
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.
It 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
NSE: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.
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!
Base formation at bottom. Trendline brekout has already happen. Wait retest. Can be good chance enter near 34 to 35
Trident 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.
Buy 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
Please 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
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! Follow me for more future updates on trident and other stocks!
For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading...
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