Posted On: July 27, 2023

Stock Report : TRIDENT (NSE) 26 Jul 2023

Outlook: BEARISH

Sector: Consumer Cyclical

Industry: Textile Manufacturing 

Trident Group is one of India’s global amalgamation textile fabric manufacturers with businesses in home textile products, Paper, Chemicals, and Yarn solutions. Trident Group is a global player. Headquartered in Ludhiana, Punjab, Trident is the largest terry towel and wheat straw-based paper manufacturer in the world.

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

In comparison to the previous month, the price of the stock has experienced a decline of 1.64% 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 5 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. Only some of the technical indicators namely ASI indicate Bullish view. 

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

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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