Trident the first stock studied and shared on our Twitter Handle @ProfitInEquity just blasted into a different orbit today. Our first projected target of Rs 92 was easily crossed and the onward journey continues to the next target of Rs 100. At the CMP of close to Rs 97, we may touch the second target tomorrow, provided the overnight cues aren't very adverse.

The strategy to be followed from hereon, may be either of the following

  • Book Half and trail the rest:: Book half the quantity and ride the rest with a trailing stop loss.
  • Book out the initial Investment:: Considering the current appreciation of close to 15%, one may book out close to 85% of the capital, and keep the rest as free quantity. This would recover your initial capital.
  • Let Profits Run:: Hold on to the stock for higher levels considering the high quality nature of the investment.

In the author's personal experience, round figures(100,500,1000 etc.) generally provide some speed breakers post which normal service gets restored. Those with a desire to book out completely may do so at around the Rs.99-Rs.99.50 levels.

If you desire to have the chart structure of any of your share holdings studied, please let us know in the comments section below.

Disclaimer:: The article presented herewith is just an educational assessment of the chart structure of Trident. Please do your own research and consult your financial advisor prior to acting on the information presented herewith. The author does not intend to set forth this article as a recommendation to buy or sell this stock and has a small position in the stock at levels where the stock was analysed on Profit In Equity's Twitter Handle and Facebook Page

Arbind Kumar Roy

About Arbind Kumar Roy

Aspiring to be the best that I can be.
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