Technical Analysis Triveni Turbine Ltd
The stock $TRITURBINE is in a short-term corrective phase after a strong rally. The stock has witnessed profit booking from higher levels but is now approaching an important support zone. The long-term trend remains positive as the stock continues to trade well above its previous breakout levels. After a sharp rally towards ₹750–₹780 the stock has corrected and is now consolidating near ₹610. The recent decline appears to be a healthy pullback rather than a complete trend reversal. Immediate support is placed around ₹600–₹610 followed by a stronger support near ₹560–₹570. On the upside immediate resistance is at ₹650–₹670 while the next major resistance lies around ₹720–₹750. A breakout above ₹670 with strong volume could signal the start of the next uptrend. Buyers are attempting to defend the current support zone. The short-term outlook is neutral to bullish. Existing investors can continue to hold with a stop-loss below ₹600. Fresh buying is preferable on a breakout above ₹670 with strong volume or near support if bullish reversal signals appear. Volume Analysis: The rally was supported by strong volume while the recent correction has come with relatively lower participation. This indicates profit booking rather than aggressive selling. A rise in volume on the next breakout would strengthen the bullish case.

















