TRIDENT - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.9
| Stock Code | TRIDENT | Market Cap | 12,373 Cr. | Current Price | 24.2 ₹ | High / Low | 34.6 ₹ |
| Stock P/E | 30.5 | Book Value | 9.04 ₹ | Dividend Yield | 2.06 % | ROCE | 9.45 % |
| ROE | 8.18 % | Face Value | 1.00 ₹ | DMA 50 | 25.3 ₹ | DMA 200 | 27.6 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.04 % | PAT Qtr | 42.3 Cr. | PAT Prev Qtr | 92.4 Cr. |
| RSI | 48.5 | MACD | -0.71 | Volume | 1,47,40,741 | Avg Vol 1Wk | 3,70,69,693 |
| Low price | 22.0 ₹ | High price | 34.6 ₹ | PEG Ratio | -1.29 | Debt to equity | 0.34 |
| 52w Index | 18.0 % | Qtr Profit Var | -45.8 % | EPS | 0.80 ₹ | Industry PE | 20.2 |
📊 TRIDENT shows weak-to-moderate potential for intraday trading. RSI at 48.5 indicates neutral momentum, while MACD (-0.71) remains negative, suggesting short-term weakness. Current price (₹24.2) is below both 50 DMA (₹25.3) and 200 DMA (₹27.6), reflecting a bearish trend. Volume today (1.47 crore) is significantly lower than weekly average (3.70 crore), indicating reduced intraday participation and weaker momentum.
- 💰 Optimal Buy Price: ₹23.8 – ₹24.2 (near support)
- 📈 Profit-Taking Exit Levels: ₹25.0 – ₹25.5 (short-term resistance)
- 📉 Stop-Loss Protection: ₹23.5 (below support zone)
- ⏳ If Already Holding: Exit intraday if price fails to hold above ₹24.0 or if MACD remains negative with declining volume.
✅ Positive
- Dividend yield of 2.06% provides investor incentive.
- Book value of ₹9.04 offers asset backing.
- FII holdings increased slightly (+0.11%), showing marginal foreign investor support.
- PEG ratio (-1.29) suggests potential undervaluation if earnings stabilize.
⚠️ Limitation
- Price trading below both 50 DMA and 200 DMA confirms bearish trend.
- MACD negative, signaling weak short-term momentum.
- Quarterly PAT dropped sharply from ₹92.4 Cr. to ₹42.3 Cr. (-45.8%).
- Low ROCE (9.45%) and ROE (8.18%) highlight weak efficiency.
📉 Company Negative News
- Sharp decline in quarterly profits (-45.8%).
- Stock trading far below 52-week high (₹34.6), reflecting correction.
📈 Company Positive News
- Minor increase in both FII (+0.11%) and DII (+0.04%) holdings.
- Dividend yield above 2% provides some investor appeal.
🏭 Industry
- Industry PE at 20.2 is lower than TRIDENT’s PE of 30.5, suggesting premium valuation despite weak fundamentals.
- Textiles sector remains cyclical, with demand linked to exports and domestic consumption.
🔎 Conclusion
TRIDENT is a weak candidate for intraday trading due to bearish technicals and declining profitability. While dividend yield and slight institutional support provide minor positives, traders should remain cautious. Only speculative entries near support with strict stop-loss discipline are advisable, targeting short-term resistance for quick exits.