trident first target is 74 rs and second target is 116 fundamentally good company after coming sale flipkart and amazon this company making bedsheet ,pillow cover sale is good
Tridentanalysis
Trident Trident is showing strength with volume emerging in charts.
Smart money seems entering the stock
Trident has a huge resistance at 40 levels for around 1.5 years
Stock can easily give a target of 60 in the short term and 80 crossing an All-Time high
TRIDENT - LONG TERM VIEWIn recent weeks it has shown a price increase with a volume rise.
It's a good pick for long term investment.
Trade Details:
Entry at or below: 60
Stop Loss: 49
Holding Period: : 6 months or above
Happy Investment:)
Trident will Reach 55 soon..according to my analysis trident will cross 55 in 2021..
if you want to buy trident buy below 38. I have mentioned short term target and stop loss in chart as well as other levels.
Stock was in over bought zone but now its safe to buy.
Analysis :
RSI (54) A medium buying zone..
Up trend
good market cap and volume.
good rejection
other ideas :
"Trident is placed nicely to become a Multibagger once again, Investors with patience for 12-24 Months, would be able to see the levels of 130-150."
Is Trident a multibagger?
Educational Purpose Only..
Schiff's trident and Variant Trident, Guide Part 15Schiff's trident and Variant Trident
After Schiff presented his work to Andrews, Andrews suggested a small modification. Practically, the work of this trident derives from displacing the principles of the trident half the vertical distance and half the horizontal distance between the largest and the minimum as shown in the previous graphic. The early fork is now at the midpoint of the blue trend line drawn between the high point and the low point.
Therefore, to draw the modified Shiff's trident, the following method is used:
Set the A and B aspects of the trident (same as standard Shiff's trident).
Mark the highest and lowest of the current upward or downward trend of the market.
To establish C (origin of the pitchfork), we move the principles half the vertical distance between the highest and the lowest and half the horizontal distance between the same points of view. This point will give us C, corresponding to the midpoint of the present trend.
From here, we draw the pitchfork following the standard method in the same way as shown in the following image.
To apply it, it is as simple as doing the following:
Maximum:
First we get the maximum. Then the minimum point after this. Finally the Maximum Point of this Minimum Point. In bearish case. Now in a bullish case it is the same but in reverse.
Minima:
First we get the minimum. Then the maximum point after this. Finally the Minimum Point of this Maximum Point. In Bullish case.
Then we have the Modified Version that places this automatically. So that you save the issue of placing it yourself. Either way. It will place it automatically. Try it. Schiff's Trident Variant or Modified. It is quite good for if you are new to try it in your own way as you practice and it is automatic.
