Stock of Interest

Posted On: July 25, 2023

Stock Report : TRIDENT (NSE) 24 Jul 2023

Trident Group, headquartered in Ludhiana, Punjab, is a prominent Indian textile fabric manufacturer with a global presence. The company’s diverse business portfolio includes home textile products, Paper, Chemicals, and Yarn solutions. It holds the distinction of being the world’s largest terry towel and wheat straw-based paper manufacturer. With its wide range of products and services in Home Textiles, Paper, Chemicals, and Yarn, Trident Group has established itself as a leading player in the industry. Notably, it has been recognized as the International Supplier of the Year in 2001, further highlighting its reputation for excellence. 

#xCalData predicts that #TRIDENT will continue its bearish phase over the next five days and trend within the range of 34 to 32. 

In comparison to the previous month, the price of the stock has experienced a decline of 1.05% indicating a bearish. 

The Stock has doubled 4X since 26 Mar 2015 and took an average of 1.6 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 4 years for the same week, we see the stock has given negative returns in 1 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum.  

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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