TRIDENT - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.9

Trident Ltd. presents a moderately bullish setup for intraday trading today, supported by strong price action and momentum indicators, though volume and valuation metrics suggest a cautious approach.

📊 Intraday Trade Analysis

✅ Bullish Signals

RSI at 63.0: Indicates strong momentum, approaching overbought but still tradable.

MACD Positive (0.18): Suggests bullish crossover and upward bias.

Price Above 50-DMA & Near 200-DMA: Trading at ₹29.9, above 50-DMA (₹29.2) and just below 200-DMA (₹30.4), signaling potential breakout zone.

Quarterly PAT Growth: From ₹132 Cr to ₹139 Cr — consistent earnings improvement.

Strong Qtr Profit Variation (89.4%): Indicates operational momentum.

⚠️ Cautionary Signals

Volume Below Average: Current volume (50.67 lakh) is ~37% lower than 1-week average (80.75 lakh), showing reduced intraday interest.

Low ROE/ROCE: ROE at 8.18% and ROCE at 9.45% — below ideal levels.

Negative PEG Ratio (-1.49): Indicates poor growth relative to valuation.

High P/E (35.2) vs Industry PE (22.8): Valuation is stretched.

🎯 Intraday Strategy

📌 Optimal Buy Price

Entry Zone: ₹29.5–₹29.9 (on dips near 50-DMA with volume >55 lakh and RSI holding above 60)

💰 Profit-Taking Levels

Target 1: ₹30.4 (200-DMA resistance)

Target 2: ₹31.2–₹31.5 (if momentum sustains)

🛡️ Stop-Loss

Exit Below: ₹28.9 (break below 50-DMA and recent support)

🕒 If Already Holding Today

📌 Exit Triggers

MACD Histogram Shrinks: Indicates fading momentum.

Volume Drops Below 45 lakh: Signals weakening interest.

Price Rejection at ₹30.4–₹31.0: If price fails to break this zone, consider exiting.

RSI Falls Below 60: Confirms momentum reversal.

Trident is a decent candidate for intraday scalping today, especially if volume picks up and price breaks above the 200-DMA. Want help tracking this live or comparing with other textile sector plays like Welspun or Himatsingka?

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