TRIDENT 1:10+ RR trade set up

Support and Resistance
Support Levels: S1 at 33.61, S2 at 33.36, S3 at 33.114.
Resistance Levels: R1 at 35.21, R2 at 34.81, R3 at 34.564.
Volume Analysis
Trading volume is 14,205,622 shares, which is higher than the 20-day average volume of 11,666,702 shares, indicating increased interest35.
Price Range
52-week range: Rs 31.07 (Nov 22, 2024) to Rs 52.90 (Jan 09, 2024)1.
Current price is about 10.3% above the 52-week low and 35.2% below the 52-week high.
The stock is showing mixed signals with bearish short-term trends but potential for upward movement. Traders should watch for price action around key support and resistance levels for potential entry or exit points. The increased volume suggests heightened investor interest, which could lead to increased volatility in the near term.
Beyond Technical AnalysisChart PatternsreversalreversalpatternreversalpointreversalsreversaltradingreversalzoneTrend Analysis

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