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Triveni Engineering

Discussion in 'Fundamental Analysis' started by bnnarayana, Aug 5, 2017.

  1. bnnarayana

    bnnarayana Contributor

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    Triveni Engineering is fundamentaly good and its Valuation is attractive.Friday it touched it's 52 week high of 99 and CMP is 97.80.
    We need to wait for the results. The result is may not be good as per the market experts.
    Even though there is 10% drop in the price it is still attractive.
    Can we have the techincial feed back please?

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Aug 5, 2017
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  2. akhtar80

    akhtar80 Responder

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    Dear sir, on one day graph it looks great. 10day small has crossed 50, 100 n 200sma. Rsi is at 78.3 which is in overbought but the volumes give very good indication that one should enter. Let others comment.
     
    akhtar80, Aug 5, 2017
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  3. shabbir

    shabbir Administrator Staff Member

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    Technically it is in no trade zone because CMP of 95+ with a stop loss of 80 means the stop loss is too steep for target with 130 looks tough
     
    shabbir, Aug 7, 2017
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