TRIDENT LTD
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Trident NSE

Обновлено
Date - 22 March 2024
Time - 10:30 AM

WHAT is,
1.VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades.

2.POC- The price level for the time period with the highest traded volume.

-As we can see, since last year Trident is doing HH and HL. (Bullish)
-After using Fixed Range Volume Tool for both long and medium time periods we have find that 36-37 Rs is where long term VAH volume and medium term POC + 100 Ema is also meeting at same price and creating strong support.
-Today's price movement is confirming strong support at 36-37 Rs.

So, with a SL of 32.40 (Prev HL) We can LONG Trident for Medium Term.

Thank You!
Have A Good Day!



Заметка
As I mentioned 36 to 37 Price level has highest volumes and Today by maintaining price above 37 buyer proves their strength.
Заметка
Gave Strong Breakout on 1H Timeframe,
Good Move.
Заметка
Again 40 Rs
More than 6% today
hope this time sustain.
Заметка
42 Rs seems like hurdle for Trident
but can carry with above mentioned SL price
Заметка
Again Repeating 42 Rs is Hurdle if it breaks and closing above 42 Rs,
Smoother Path & Spike can expect.
Bullish PatternsdowtheoryfixedrangevolumeprofileHarmonic PatternsTechnical IndicatorslongpositionnseindiansestocksTechnical AnalysisTrend AnalysisTRIDENTtridentanalysis

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