TRIVENI TURBINES - Swing Trade Analysis - 15th May #stocks

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TRIVENI TURBINES (1D TF) - Swing Trade Analysis given on 15th May, 2024

Pattern: CUP & HANDLE BREAKOUT
- Daily Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress

* Disclaimer
Dagangan aktif
TRIVENI TURBINES Update (as on 17th May, 2024)

✓ 10% Up in 2 Trading Sessions

- Target Level Achieved
- TSL moved above cost

* Disclaimer
Nota
TRIVENI TURBINES Update (as on 16th June, 2024)

- After achieving 10% in just 2 Trading sessions, we were stopped out with our TSL which was raised up to the Target Level (hence 5.5% returns)

Re-Entry Possibility in the making:
- The stock is back at the previous Demand Zone and moving up
- This is a slightly risky trade, however the SL will be just below the previous Swing Low
- Target will be the same marked as before

* Disclaimer
Dagangan aktif
TRIVENI TURBINES Update (as on 19th June, 2024)

- Stock gave a clear re-entry at the zone mentioned in our previous post
- Picking up steam slowly but surely

* Disclaimer
Dagangan aktif
TRIVENI TURBINES Update (as on 19th June, 2024)

✓ 4.5% Up in 2 Trading Sessions

- Clear re-entry at the same demand zone marked out previously
- Stock picked up nicely today
- Trailing the stop loss very closely
- TSL is at cost

* Disclaimer
Dagangan aktif
TRIVENI TURBINES Update (as on 26th June, 2024)

✓ 7% Up in 7 Trading Sessions

- TSL is above cost

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Dagangan aktif
TRIVENI TURBINES Update (as on 3rd July, 2024)

After Re-entry
✓ 13% Up in 13 Trading Sessions (Overall 18.5%)

- After our re-entry update in our last post the stock moved up nicely back towards the target level marked out
- Today's candle showed a breakout with volumes being built-up
- Just trailing our stop loss carefully

* Disclaimer
breakouttradingChart PatternscupandhandlepatterndemandandsupplyzonesTechnical Indicatorsnifty500swingtradetraderyteTrend Analysistrendtradingtriveniturbine

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