⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
TRIDENT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | TRIDENT | Market Cap | 12,462 Cr. | Current Price | 24.5 ₹ | High / Low | 34.6 ₹ |
| Stock P/E | 30.7 | Book Value | 9.04 ₹ | Dividend Yield | 2.04 % | ROCE | 9.45 % |
| ROE | 8.18 % | Face Value | 1.00 ₹ | DMA 50 | 25.4 ₹ | DMA 200 | 27.7 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.04 % | PAT Qtr | 42.3 Cr. | PAT Prev Qtr | 92.4 Cr. |
| RSI | 49.2 | MACD | -0.89 | Volume | 14,07,06,541 | Avg Vol 1Wk | 3,34,81,074 |
| Low price | 22.0 ₹ | High price | 34.6 ₹ | PEG Ratio | -1.30 | Debt to equity | 0.34 |
| 52w Index | 19.9 % | Qtr Profit Var | -45.8 % | EPS | 0.80 ₹ | Industry PE | 20.5 |
📊 Technical Analysis
- Chart Patterns: Stock is trading near 50 DMA (₹25.4) but below 200 DMA (₹27.7), showing weakness. Support at ₹22.0–₹24.0, resistance around ₹27.7–₹30.0.
- Moving Averages: Current price (₹24.5) is below 200 DMA, confirming bearish undertone.
- RSI: 49.2 — neutral, suggesting balanced momentum.
- MACD: -0.89 — bearish crossover, momentum negative.
- Bollinger Bands: Price near mid-band, suggesting consolidation.
- Volume Trends: Current volume (14.07 Cr) far above 1-week average (3.34 Cr), showing heavy activity and volatility.
📈 Momentum & Signals
- Short-term Momentum: Weak with bearish MACD, but neutral RSI indicates possible stabilization.
- Entry Zone: ₹23–₹25 (near support).
- Exit Zone: ₹27.7–₹30 (first resistance), ₹34.6 (major resistance).
- Trend Status: Consolidation with bearish undertone; reversal only above ₹27.7.
✅ Positive
- Dividend yield of 2.04% provides investor incentive.
- ROE at 8.18% and ROCE at 9.45% show moderate efficiency.
- PEG ratio at -1.30 suggests potential undervaluation if earnings stabilize.
- Institutional interest slightly positive with FII (+0.11%) and DII (+0.04%) increases.
⚠️ Limitation
- Stock trading below 200 DMA, bearish technical setup.
- EPS at ₹0.80 is weak compared to peers.
- Quarterly profit variation at -45.8% shows earnings volatility.
📰 Company Negative News
- PAT declined sharply (₹42.3 Cr vs ₹92.4 Cr previous quarter).
- Stock corrected from 52-week high of ₹34.6 to current ₹24.5.
🌟 Company Positive News
- Dividend yield above 2% provides steady returns.
- Institutional holdings increased slightly, showing cautious confidence.
🏭 Industry
- Industry PE at 20.5, lower than company PE (30.7), indicating TRIDENT trades at a premium.
- Textiles and home furnishing sector remains cyclical but supported by export demand.
🔎 Conclusion
- TRIDENT is consolidating with bearish undertone but heavy trading volumes suggest volatility-driven opportunities.
- Short-term traders may consider entry near ₹23–₹25 with exit around ₹27.7–₹30.
- Breakout above ₹27.7 could trigger reversal towards ₹34.6.
- Long-term investors should be cautious due to weak earnings despite dividend yield and modest institutional support.