Triveni Engineering and Industries Ltd is an Integrated and diversified conglomerate in the areas of sugar, ethanol, and engineering. The Stock has given a successful breakout of Flag and pole pattern, falling wedge, and a consolidation of six months. You can make an entry with R:R :: 1:2. I am expecting Triveni to go bullish. Reason:
Bullish Flag and POLE breakout to the upside.
Taking support at the VWAP indicates a good sign to enter.
RSI crossing 60 to upside shows good bullishness.
Successful breakout after six months.
High volume is traded on the last day, which shows a lot of interest in stock buying.
Price > EMAs show bulls are more powerful than bears. We can make an entry.
Taking successful support at 200 EMA with good buying interest(volume spike).
Verdict: Strong Bullish
Plan of action: BUY: 350 Stoploss: 327 Target: 400 Trailing SL: 10 or VWAP or logical
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