TRIDENT - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.7
| Stock Code | TRIDENT | Market Cap | 14,921 Cr. | Current Price | 29.3 ₹ | High / Low | 34.6 ₹ |
| Stock P/E | 33.8 | Book Value | 9.04 ₹ | Dividend Yield | 1.71 % | ROCE | 9.45 % |
| ROE | 8.18 % | Face Value | 1.00 ₹ | DMA 50 | 26.8 ₹ | DMA 200 | 28.6 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.04 % | PAT Qtr | 92.4 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 69.4 | MACD | 0.22 | Volume | 3,40,92,011 | Avg Vol 1Wk | 2,51,59,721 |
| Low price | 23.1 ₹ | High price | 34.6 ₹ | PEG Ratio | -1.43 | Debt to equity | 0.34 |
| 52w Index | 53.7 % | Qtr Profit Var | 10.7 % | EPS | 0.87 ₹ | Industry PE | 19.2 |
📊 Analysis: TRIDENT shows fair potential for intraday trading. Current price (₹29.3) is above both 50 DMA (₹26.8) and 200 DMA (₹28.6), reflecting short-term strength. RSI at 69.4 is close to overbought territory, suggesting caution, while MACD (0.22) indicates mild bullish momentum. Volume (3.40 Cr vs avg 2.51 Cr) is significantly higher, supporting active participation. Valuation is expensive with P/E at 33.8 compared to industry PE of 19.2, but strong liquidity and momentum provide intraday opportunities.
💰 Optimal Buy Price: ₹29–29.5 if price sustains above support.
📈 Profit-Taking Levels: First exit near ₹30.5, extended target ₹31.5.
📉 Stop-Loss: ₹28.5 to protect against downside risk.
⏱️ If Already Holding: Exit intraday if price fails to hold above ₹29 or momentum weakens near resistance zones (₹30.5–31.5). Watch RSI crossing above 70 (overbought) or volume tapering off as exit signals.
Positive
- Price trading above both 50 DMA and 200 DMA signals bullish trend.
- Strong trading volume (3.40 Cr vs avg 2.51 Cr) supports intraday moves.
- Dividend yield of 1.71% adds investor appeal.
- FII (+0.11%) and DII (+0.04%) holdings increased, showing institutional support.
Limitation
- High P/E (33.8) compared to industry average (19.2), suggesting premium valuation.
- RSI near overbought levels increases risk of short-term correction.
- ROCE (9.45%) and ROE (8.18%) are relatively weak compared to peers.
- PEG ratio (-1.43) indicates poor growth relative to valuation.
Company Negative News
- Quarterly PAT declined (₹92.4 Cr vs ₹139 Cr), showing earnings pressure.
Company Positive News
- Quarterly profit variation of 10.7% highlights resilience despite decline.
- Stable EPS and dividend yield provide investor confidence.
Industry
- Industry PE at 19.2 is lower than TRIDENT’s PE (33.8), suggesting overvaluation.
- Textiles sector remains cyclical but supported by export demand.
Conclusion
⚖️ TRIDENT is a moderate candidate for intraday trading. Entry near ₹29–29.5 with exit around ₹30.5–31.5 offers a favorable short-term opportunity. Traders should remain cautious due to overbought RSI and high valuation, but strong volume and bullish technicals provide momentum-driven upside.