TRIDENT - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.3
| Stock Code | TRIDENT | Market Cap | 13,234 Cr. | Current Price | 26.0 ₹ | High / Low | 34.6 ₹ |
| Stock P/E | 32.6 | Book Value | 9.04 ₹ | Dividend Yield | 1.93 % | ROCE | 9.45 % |
| ROE | 8.18 % | Face Value | 1.00 ₹ | DMA 50 | 25.3 ₹ | DMA 200 | 27.1 ₹ |
| Chg in FII Hold | -0.09 % | Chg in DII Hold | 0.03 % | PAT Qtr | 42.3 Cr. | PAT Prev Qtr | 92.4 Cr. |
| RSI | 56.1 | MACD | 0.39 | Volume | 54,44,140 | Avg Vol 1Wk | 69,23,968 |
| Low price | 22.0 ₹ | High price | 34.6 ₹ | PEG Ratio | -1.38 | Debt to equity | 0.34 |
| 52w Index | 31.6 % | Qtr Profit Var | -45.8 % | EPS | 0.80 ₹ | Industry PE | 20.2 |
📈 Optimal Buy Price: 25.5 – 26.0 ₹ (near 50 DMA support)
💰 Profit Exit Levels: 27.0 – 27.5 ₹ (short-term resistance), 28.0 ₹ (momentum breakout)
⚠️ Stop-Loss: 24.8 – 25.0 ₹ (below support zone)
⏳ Intraday Exit Guidance: If already holding, consider booking profits near 27.0–27.5 ₹ if RSI weakens or volume declines. Exit immediately if price slips under 25.5 ₹ with weakening momentum.
Positive
- ROCE at 9.45% and ROE at 8.18% show modest efficiency.
- EPS of 0.80 ₹ supports valuation stability despite weak profitability.
- Price trading above 50 DMA (25.3 ₹), showing short-term strength.
- RSI at 56.1 indicates active momentum but not yet overbought.
- MACD positive at 0.39, supporting mild bullish bias.
- Dividend yield of 1.93% adds investor appeal.
Limitation
- P/E of 32.6 vs industry P/E of 20.2 indicates overvaluation.
- Price below 200 DMA (27.1 ₹), showing medium-term weakness.
- PEG ratio (-1.38) suggests negative growth prospects.
- PAT declined sharply (42.3 Cr. vs 92.4 Cr.), showing earnings volatility.
- Volume (54.4 Lakh) below 1-week average (69.2 Lakh), reflecting weaker intraday participation.
Company Negative News
- Quarterly profit variation at -45.8% highlights declining profitability.
- Weak return ratios limit long-term attractiveness.
- FII holdings decreased (-0.09%), showing reduced foreign confidence.
Company Positive News
- Dividend yield supports investor returns.
- DII holdings increased (+0.03%), showing slight domestic institutional support.
- Mild bullish technical indicators (RSI, MACD) support intraday opportunities.
Industry
- Industry P/E at 20.2 is lower than TRIDENT’s 32.6, highlighting valuation risk.
- Textile sector outlook remains competitive with margin pressures from raw material costs.
Conclusion
⚖️ TRIDENT shows short-term technical strength but weak fundamentals, making it suitable only for speculative intraday trades with tight stop-losses. Best suited for cautious trades targeting 27.0–28.0 ₹ with strict stop-loss at 24.8–25.0 ₹.
Would you like me to extend this into a textile sector overlay comparing TRIDENT against peers like Welspun, Vardhman, and Raymond for sharper benchmarking?