TRIVENI - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.7

Here’s a detailed technical analysis of Triveni Engineering & Industries Ltd (TRIVENI)

📊 Trend Overview

Current Trend: The stock is in a short-term consolidation phase after a steep decline from its 52-week high of ₹536.

Price Action: Trading at ₹359, just above the 50-DMA (₹358) but below the 200-DMA (₹382), indicating indecision and a potential base formation.

📈 Momentum Indicators

RSI (55.0): Neutral to mildly bullish. Suggests moderate strength without being overbought.

MACD (1.71): Positive crossover, indicating early bullish momentum.

Volume: Current volume (4.21 lakh) is above the 1-week average (2.99 lakh), showing increased interest and potential accumulation.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 358 Support

200-DMA 382 Resistance

Current Price 359 Near 50-DMA

📌 Bollinger Bands

Price is near the middle band, suggesting consolidation.

A breakout above ₹365–₹370 with volume could signal trend continuation.

🧭 Support & Resistance Zones

Immediate Support: ₹350–₹358 zone

Major Support: ₹305 (52-week low)

Immediate Resistance: ₹370–₹382 (200-DMA)

Major Resistance: ₹400–₹420, then ₹480–₹500

🎯 Entry & Exit Zones

Optimal Entry: ₹350–₹360 (on pullback with MACD confirmation)

Exit Zone: ₹400–₹420 (first resistance), ₹480–₹500 if momentum builds

🔍 Conclusion

TRIVENI is consolidating near short-term support with improving momentum indicators.

RSI and MACD suggest early bullish signals, while volume confirms interest.

A breakout above ₹370 with volume could confirm trend reversal toward ₹400+.

Until then, expect range-bound movement between ₹350 and ₹382.

Let me know if you’d like a visual chart or comparison with other sugar and engineering sector stocks like Balrampur Chini or Dwarikesh Sugar.

Edit in a page