Small Cap Stock Recommendation:TRIO MERCANTILE

We have discussed this Stock on Dec 1  and we were able to achieve our target of 28 above 24 in 2 Week Time Frame as we have discussed. TRIOMERC (BSE Ticker TRIOMERC | 534755) is trading at 33.4 now almost up 40% from our levels. Stock is looking good for another 20-30 % rise as analyzed in below daily and weekly chart.

TRIOMERC is now trading on upper part of  channel on Daily time frame and once we close above 34 we can see a channel breakout and a move towards 36/39 off levels which weekly charts are also confirming.

Weekly Chart on TRIO MERCANTILE is signifying we are near a breakout level on a Weekly Time Frame, Weekly Breakout are always big in nature when accompanied with Volumes.

Any Close above 34 will signify we can quickly reach36/39 odd levels and we will revisit the chart once we achieve the target of 39.

Short Term Traders can go long in range of 33.5-34 with SL of 31 for a target of 37/39/41.4  in 1 Month Time Frame

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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