How To Trade : Indus Tower, Trident, Nalco, NBCC, Network 18 and IRFC

Trident Stock has corrected sharply in recent past. The bounce happened last week might not sustain if stock fails to cross 40. Use dips to add. Support exists around 35 and 32. Stoploss can be placed below 30. Above 40 stock can move towards 49-54.

After retracing almost 65% of entire previous rally from 74 to 192 the stock found support around 115-120. Now, after almost one week consolidation the stock is looking good and a breakout is seen on daily charts. The stock can test 160-68 in coming days if continue to sustain above 140. Above 170 stock can show big upside in coming months. Have a look at daily chart

Longs were advised time to time during 2022 and 2023 in our various posts. Stock has moved 180 to 275 in last 4 months since our last recommendation. The Stock is still looking good with formation of a long term rounding bottom pattern on weekly charts with initial targets of 310 to 335 and for long term the targets can be marked at 500+. Use dips to Add keeping stoploss below 225.

Stock can test 165-75 above 150. Use dips upto 140 to add with stop below 130. Have a look at daily chart.

After great rally from 38 to 177 during last few months, stock is in downtrend for last 6 weeks and has restressed 50%. Now stock can be added above 118 for  135-45 in coming days. Stoploss can be placed at 107. Support below 107 will be 90-86.

After completion of ABCD pattern on daily chart stock is looking good for a possible bounce in coming days. Stock can be added above 92 for short term target of 101-109 to 120. Stoploss can be placed at 82. Have a look at daily chart