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TRIDENT - Technical Analysis with Chart Patterns & Indicators
Last Updated Time : 20 Dec 25, 03:55 pm
Back to Technical ListTechnical Rating: 3.3
| Stock Code | TRIDENT | Market Cap | 13,739 Cr. | Current Price | 27.0 ₹ | High / Low | 35.5 ₹ |
| Stock P/E | 31.2 | Book Value | 9.04 ₹ | Dividend Yield | 1.88 % | ROCE | 9.45 % |
| ROE | 8.18 % | Face Value | 1.00 ₹ | DMA 50 | 28.1 ₹ | DMA 200 | 29.4 ₹ |
| Chg in FII Hold | 0.07 % | Chg in DII Hold | 0.03 % | PAT Qtr | 92.4 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 31.9 | MACD | -0.35 | Volume | 37,42,748 | Avg Vol 1Wk | 29,67,644 |
| Low price | 23.1 ₹ | High price | 35.5 ₹ | PEG Ratio | -1.32 | Debt to equity | 0.34 |
| 52w Index | 31.1 % | Qtr Profit Var | 10.7 % | EPS | 0.87 ₹ | Industry PE | 19.1 |
📈 Technical Analysis
- Chart Patterns: TRIDENT is trading near the lower end of its 52-week range (27 ₹ vs 35.5 ₹), showing weakness and bearish bias.
- Moving Averages: Current price (27 ₹) is below both 50 DMA (28.1 ₹) and 200 DMA (29.4 ₹), confirming downward pressure.
- RSI: At 31.9, RSI indicates oversold conditions, suggesting potential short-term rebound.
- MACD: Slightly negative at -0.35, signaling weak bearish momentum.
- Bollinger Bands: Price near lower band, suggesting oversold condition and possible minor bounce.
- Volume Trends: Current volume (37.4L) is higher than average weekly volume (29.6L), showing increased selling activity.
🎯 Momentum & Trade Zones
- Support Levels: 26 ₹ immediate support, 25 ₹ strong support, and long-term support at 23.1 ₹.
- Resistance Levels: 28.1 ₹ (50 DMA) and 29.4 ₹ (200 DMA).
- Entry Zone: Accumulate cautiously near 26–27 ₹ if rebound signals appear.
- Exit Zone: Short-term exit near 28–29 ₹; medium-term exit near 30–31 ₹.
- Trend: Stock is currently reversing downward but oversold signals suggest possible consolidation or rebound.
✅ Positive
- Dividend yield at 1.88% provides shareholder return.
- EPS at 0.87 ₹ reflects earnings base.
- FII holding increased slightly (+0.07%).
- DII holding increased slightly (+0.03%).
⚠️ Limitation
- Stock trading below both 50 & 200 DMA, confirming bearish trend.
- Low ROCE (9.45%) and ROE (8.18%), showing weak efficiency.
- PEG ratio at -1.32 indicates poor earnings growth relative to valuation.
- 52-week index at only 31.1%, reflecting underperformance.
📉 Company Negative News
- Quarterly PAT dropped from 139 Cr. to 92.4 Cr.
- Weak profitability despite higher trading volumes.
📊 Company Positive News
- Quarterly profit variation (+10.7%) shows some improvement sequentially.
- FII and DII holdings increased slightly, showing marginal institutional support.
🏭 Industry
- Industry P/E at 19.1, lower than TRIDENT’s 31.2, suggesting premium valuation.
- Textiles sector outlook remains steady, but company-specific earnings weakness overshadows industry strength.
📝 Conclusion
- TRIDENT is in a bearish reversal phase, trading below key moving averages.
- Oversold RSI suggests possible short-term bounce, but fundamentals remain weak.
- Best strategy: cautious accumulation near 26–27 ₹ with strict stop-loss; exit near 28–29 ₹.
- Medium-term outlook cautious; recovery depends on earnings improvement and price sustaining above 28–29 ₹ resistance levels.
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