TRITURBINE - Technical Analysis

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

Technical Rating: 3.4

Here’s a detailed technical analysis of Triveni Turbine Ltd (TRITURBINE)

📉 Trend Overview

Current Price: ₹606 is below the 50 DMA (₹615) and slightly below the 200 DMA (₹608), indicating a mild bearish bias.

RSI (39.3): In the bearish zone, suggesting weak momentum but not yet oversold.

MACD (2.14): Positive, hinting at early bullish divergence.

Volume: Current volume (5.22L) is below the 1-week average (7.15L), showing low conviction.

📌 Conclusion: The stock is consolidating with a bearish tilt, but MACD suggests a potential reversal setup.

📊 Chart Patterns & Indicators

Bollinger Bands: Price is likely near the lower band, indicating oversold conditions and potential mean reversion.

Candlestick Patterns: Recent formations include Descending Triangle and Symmetric Triangle, suggesting indecision and compression

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ADX (26–30): Indicates a moderate trend, currently bearish.

🔍 Support & Resistance Zones

Level Price (₹) Strength

Support 1 575–580 Strong (triangle base)

Support 2 550–560 Major (long-term support)

Resistance 1 615 Moderate (DMA 50)

Resistance 2 635–645 Strong (recent swing highs)

Resistance 3 685–705 Major (trendline resistance)

🎯 Entry & Exit Zones

Optimal Entry: ₹575–₹585 (near support and Bollinger lower band)

Exit Zone: ₹615–₹645 (approaching resistance and moving averages)

⚡ Momentum Signals

Short-Term: Weak momentum; RSI and volume suggest lack of buying interest.

Medium-Term: Neutral to bearish unless price reclaims ₹615–₹635.

Volume Trend: Declining, indicating sideways movement.

🧭 Summary

TRITURBINE is currently in a consolidation phase, with technical indicators showing mild bearish pressure. MACD hints at a potential reversal, but confirmation is needed via volume and price action. Traders may consider accumulating near ₹575 with a stop-loss below ₹560 and targeting exits near ₹635–₹645.

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