TRIDENT - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 3.2

Trident Ltd (TRIDENT) shows a cautious intraday setup, with mixed signals across momentum indicators and technical overlays. While the price is near key moving averages and volume is decent, bearish signals dominate short-term charts.

🔍 Technical & Momentum Indicators

Indicator Value Signal

RSI 38.8 Neutral — no clear trend yet

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MACD -0.675 Whipsaw — frequent crossovers, unreliable

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Volume 97 lakh vs avg 4.13 crore Below average — weak conviction

Price vs DMA Near 50 DMA (₹30.8) and 200 DMA (₹31.2) Range-bound, no breakout

ADX 22.99 Weak trend strength — bearish bias

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SAR ₹29.77 Mild bullish reversal signal

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Bollinger Bands ₹30.08–₹34.40 Price near lower band — bounce possible

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Supertrend ₹33.69 Price below — bearish signal

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📈 Intraday Trade Setup

✅ If Considering Entry

Optimal Buy Zone: ₹30.90–₹31.10 (near support and lower Bollinger band)

Profit Targets

Conservative: ₹31.55

Aggressive: ₹32.01–₹32.37 (based on weekly resistance levels

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Stop Loss: ₹30.17 (below key support and SAR level)

🕒 If Already Holding

Exit on Strength: ₹31.55–₹32.01 zone — aligns with resistance and upper band

Exit on Weakness: If price dips below ₹30.17 with increasing volume or MACD turns sharply negative

Watch for: Price action near ₹31.48 mean value — acts as pivot

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🧠 Final Verdict

TRIDENT is a low-to-moderate intraday candidate, with

Weak trend strength and neutral oscillators

Mild bullish reversal signs (SAR, Bollinger support)

Valuation concerns (high P/E, negative PEG)

Best suited for range-bound scalping, not momentum breakout trades. If bullish sentiment builds above ₹31.48, upside targets may extend toward ₹32.37 by mid-week

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You can explore detailed intraday charts on TradingView’s TRIDENT page

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or check short-term targets on DailyBulls TRIDENT Analysis

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www.topstockresearch.com

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dailybulls.in

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in.tradingview.com

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