TRIDENT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.5

📊 TRIDENT is currently in a consolidation phase with neutral momentum and flat technical indicators. Entry zone: ₹27.5–₹28.6; exit zone: ₹30.0–₹31.5. Watch for breakout above 200-DMA with volume confirmation.

📊 Technical Overview

• Price Action: Trading at ₹28.6, slightly below 50-DMA (₹28.7) and 200-DMA (₹30.0), indicating range-bound movement.
• RSI (51.6): Neutral zone, suggesting balanced momentum without clear directional bias.
• MACD (0.00): Flat crossover, indicating indecision and lack of momentum.
• Bollinger Bands: Price near mid-band, confirming consolidation.
• Volume: Below 1-week average, showing reduced participation and weak conviction.
• Support Zones: ₹27.5 (S1), ₹26.0 (S2)
• Resistance Zones: ₹30.0 (R1), ₹31.5 (R2)

✅ Positive

• Dividend yield of 1.75% offers modest income cushion.
• Quarterly PAT increased from ₹132 Cr. to ₹139 Cr., showing earnings growth.
• EPS of ₹0.85 supports valuation despite low profitability.
• FII and DII holdings slightly increased, indicating cautious institutional interest.

⚠️ Limitation

• Stock P/E (33.7) is above industry average (22.6), suggesting overvaluation.
• PEG ratio of -1.43 indicates poor earnings growth relative to valuation.
• ROCE (9.45%) and ROE (8.18%) are modest, reflecting average capital efficiency.
• MACD and volume trends show weak momentum, limiting breakout potential.

📉 Company Negative News

• Stock has corrected ~29% from its 52-week high of ₹40.2.
• Flat MACD and low volume suggest lack of investor conviction.

📈 Company Positive News

• Quarterly profit variation of +89.4% YoY reflects strong annual growth.
• Stable institutional holdings and consistent dividend payout support long-term sentiment.

🏢 Industry

• Textile and home furnishing sector benefits from export demand and festive season tailwinds.
• Industry P/E of 22.6 reflects moderate valuation across peers.

🧭 Conclusion

• TRIDENT is consolidating with neutral technical indicators and weak momentum.
• Entry zone: ₹27.5–₹28.6; exit zone: ₹30.0–₹31.5 for short-term swing trades.
• Long-term investors may accumulate on dips, supported by improving fundamentals and sector resilience.