We are starting a New Series where we will discuss Mid/Small Caps stocks based on Both Fundamentals and Technical for Short and Long term Investment. Last time we have covered MSTC Mazagon Dock G G Engineering Ltd. This week we will Analysis 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 trading days with price risisng.
Company has Released Notofication on BSE for Board Meeting Intimation for
1.Sub-Division Of Equity Shares
2.Issue Of Bonus Shares
TRIOMERC has bounced from the lower end of channel on Daily time frame accompanied by rise in volumes. Price will touch 1 200 DMA @35 and than move to higher end of channel at Rs 38.
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 35 will signify we can quickly reach 38 odd levels and we will revisit the chart once we achieve the target of 38
Short Term Traders can go long in range of 32-32.5 with SL of 29 for a target of 35/38 in 2 Weeks 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.