Technical Analysis Triveni Engineering.

The stock $TRIVENI is currently showing strong positive momentum. After taking a dip down to the 360 area in June buyers have stepped back in strongly. It has formed a series of solid green candles pushing the current price up to around the 411 level. The chart looks bullish and positive in the short term. The immediate hurdle for this stock is near the 425 to 430 zone. If you look back at mid-April on the chart the stock tried to break this area but faced heavy selling pressure. For a fresh strong breakout it needs to cross and close above 430. If the price starts falling again, the immediate support is around 390. If it drops below that the major strong support zone is at 360. Notice how the stock bounced upward from this 360 area just recently. The absolute deep support is way down near 325-330 which held strong in February and April. For short-term buyers the stock shows strong positive momentum after a solid bounce from the 360 support zone making it a good candidate to trade up toward the immediate resistance of 425 to 430. However short-term traders should keep a strict stop loss near the 390 level to protect capital in case of a sudden reversal. For existing holders the view remains positive, and you can comfortably hold your position as long as the price stays above 360. If the stock manages a strong high-volume breakout above 430 It will likely trigger fresh bullish momentum opening up targets for much higher levels.