TRIDENT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Trident Ltd (TRIDENT)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend, recovering from its recent lows and showing signs of momentum continuation.

Price Action: Trading at ₹29.9, above the 50-DMA (₹29.2) and just below the 200-DMA (₹30.4), indicating bullish bias with a key resistance overhead.

📈 Momentum Indicators

RSI (63.0): In the bullish zone, approaching overbought territory. Suggests strong momentum but caution near ₹31+.

MACD (0.18): Positive and above the signal line, confirming bullish crossover and upward momentum.

Volume: Current volume (50.67 lakh) is below the 1-week average (80.75 lakh), indicating momentum is present but not strongly backed by participation.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 29.2 Support

200-DMA 30.4 Resistance

Current Price 29.9 Between DMAs

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum but potential short-term resistance.

A breakout above ₹30.5–₹31 could trigger a rally toward ₹33–₹35.

🧭 Support & Resistance Zones

Immediate Support: ₹29.2 (50-DMA), ₹28.0 psychological level

Major Support: ₹26.5–₹27.0 zone

Immediate Resistance: ₹30.4 (200-DMA), then ₹32.0

Major Resistance: ₹35.0–₹36.5, then ₹40.2 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹28.5–₹29.2 (on pullback with MACD confirmation)

Exit Zone: ₹33.0–₹35.0 (first resistance), ₹39.0–₹40.0 if momentum sustains

🔍 Conclusion

TRIDENT is trending upward with MACD and RSI supporting bullish sentiment.

Price is above the 50-DMA and testing the 200-DMA, a key inflection point.

Volume is slightly weak, so watch for renewed interest before chasing higher levels.

A breakout above ₹30.5 with volume could confirm trend continuation; otherwise, expect short-term consolidation.

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