TRIDENT - Technical Analysis

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

Technical Rating: 3.6

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

📈 Trend Overview

Current Price: ₹31.0 is hovering near both the 50 DMA (₹30.8) and 200 DMA (₹31.2), suggesting neutral to consolidating behavior.

RSI (48.4): In the neutral zone, indicating neither overbought nor oversold conditions.

MACD (0.05): Slightly positive, hinting at mild bullish momentum.

Volume: Current volume (97.4L) is significantly below the 1-week average (413L), pointing to low conviction in recent price moves.

📌 Conclusion: The stock is consolidating, with weak momentum and no clear breakout or breakdown.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely near the middle band, reinforcing the consolidation view.

Candlestick Patterns: Mixed signals; recent patterns like Bullish Harami and Inverted Hammer suggest potential accumulation

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ADX (20–25): Indicates a weak trend, not strongly directional.

🔍 Support & Resistance Zones

Level Price (₹) Strength

Support 1 30.4–30.8 Moderate (DMA 50 & pivot)

Support 2 28.9–29.5 Strong (historical base)

Resistance 1 32.4–32.7 Moderate (pivot zone)

Resistance 2 34.5–36.0 Strong (previous swing highs)

Resistance 3 41.5 Major (52W high)

🎯 Entry & Exit Zones

Optimal Entry: ₹30.0–₹30.8 (near support and DMA 50)

Exit Zone: ₹32.5–₹34.5 (approaching resistance and pivot levels)

⚡ Momentum Signals

Short-Term: Neutral momentum; MACD and RSI suggest sideways movement.

Medium-Term: Slight bullish bias if price sustains above ₹31.2 (DMA 200).

Volume Trend: Weak, indicating lack of strong buying interest.

🧭 Summary

Trident Ltd is currently in a consolidation phase, trading near key moving averages with muted volume and neutral indicators. While there’s no strong breakout signal, accumulation near ₹30 could offer a low-risk entry with targets around ₹34. Traders should watch for volume spikes and MACD divergence for confirmation of trend reversal.

Want me to overlay this with sector momentum or simulate a breakout scenario?

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