TRITURBINE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

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

📊 Trend Overview

Current Trend: The stock is in a short-term downtrend, with signs of consolidation near support.

Price Action: Trading at ₹537, below both the 50-DMA (₹551) and 200-DMA (₹586), indicating bearish pressure and lack of momentum.

📈 Momentum Indicators

RSI (50.6): Neutral zone. Neither overbought nor oversold, suggesting indecision.

MACD (-5.30): Negative, indicating bearish momentum and absence of a bullish crossover.

Volume: Current volume (4.68 lakh) is significantly below the 1-week average (8.22 lakh), showing reduced participation and weak conviction.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 551 Resistance

200-DMA 586 Resistance

Current Price 537 Below both DMAs

📌 Bollinger Bands

Price is near the middle band, suggesting consolidation.

No breakout or breakdown signal; watch for movement beyond ₹545 or below ₹525.

🧭 Support & Resistance Zones

Immediate Support: ₹525–₹530 zone

Major Support: ₹455 (52-week low)

Immediate Resistance: ₹551 (50-DMA), then ₹570

Major Resistance: ₹586 (200-DMA), then ₹620–₹650

🎯 Entry & Exit Zones

Optimal Entry: ₹525–₹535 (on pullback with MACD flattening)

Exit Zone: ₹570–₹586 (first resistance), ₹620+ if momentum builds

🔍 Conclusion

TRITURBINE is consolidating near short-term support with weak momentum indicators.

RSI is neutral, MACD is bearish, and volume is declining.

A breakout above ₹551 with volume and MACD crossover could signal trend reversal.

Until then, expect range-bound movement between ₹525 and ₹570.

Let me know if you’d like a comparison with other industrial engineering stocks like Thermax or BHEL!

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