TRIDENT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| 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 |
📈 Chart & Trend: TRIDENT is trading above its 50 DMA (25.3 ₹) but below its 200 DMA (27.1 ₹), showing short-term strength but medium-term weakness. RSI at 56.1 indicates neutral-to-bullish momentum, while MACD at 0.39 reflects mild positive crossover. Bollinger Bands are moderately tight, suggesting consolidation with limited breakout potential.
🔑 Momentum Signals: Current price (26.0 ₹) is holding above support at 25.0–25.5 ₹. Resistance levels are seen at 27.0 ₹ and 28.5 ₹. Volume (54.4L) is below the 1-week average (69.2L), showing reduced participation and limiting conviction.
🎯 Entry Zone: 25.0–25.5 ₹ near support.
💰 Exit Zone: 27.0 ₹ (partial profit) and 28.5 ₹ (full exit).
📊 Trend Status: Consolidating with mild bullish bias.
Positive
- Dividend yield at 1.93% supports investor returns.
- Price trading above 50 DMA confirms short-term strength.
- MACD positive crossover supports mild bullish momentum.
- Book value at 9.04 ₹ provides asset backing.
Limitation
- Weak ROCE (9.45%) and ROE (8.18%) highlight poor efficiency.
- EPS at 0.80 ₹ reflects limited earnings power.
- PEG ratio at -1.38 indicates negative growth outlook.
- Price below 200 DMA caps medium-term upside.
- Volume below average, limiting breakout conviction.
Company Negative News
- PAT declined sharply (42.3 Cr. vs 92.4 Cr.).
- Quarterly profit variation at -45.8% shows earnings deterioration.
- FII holdings reduced (-0.09%).
Company Positive News
- DII holdings increased (+0.03%), showing domestic support.
- Dividend yield maintained at 1.93% despite weak earnings.
Industry
- Industry PE at 20.2 suggests sector trading at lower valuations compared to TRIDENT’s premium (32.6).
- Textiles sector facing margin pressures but supported by export demand.
Conclusion
TRIDENT is consolidating with mild bullish bias supported by MACD and price action above 50 DMA. Entry near 25.0–25.5 ₹ is favorable with exits at 27.0–28.5 ₹. However, weak fundamentals, declining profits, and low efficiency metrics limit conviction. Best suited for short-term speculative trades with strict stop-loss discipline.