Small Cap Breakout Stock:TRIO MERCANTILE

TRIO MERCANTILE & TRADING LTD. BSE Ticker TRIOMERC | 534755

TRIOMERC has been quiet active from last few days as stock has seen a surge in volumes in last 2 weeks and price has been rising.

TRIOMERC is near a Breakout level  of 24 as it has been trading in tight range of 22-24 in past week with rise in volumes as seen in below 2 charts suggesting we can see a continuation in Rally.

Target for Breakout will be 24+2 (24-22)=26

Short Term Traders can go long in range of 24-24.2 with SL of 22.5 for a target of 25/25.5/26

The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 8-10 % purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.Bramesh Bhandari and his family/associates/ analysts would have exposure in the securities mentioned in the above article.

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