Trident's Share Price Forecast for 2022

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Trident is a leading textile group, which has expanded its segments into fabric, textiles, chemicals, yarn, and paper. It seems to be growing continuously in its business. The company exports its luxury products to many foreign countries. And there, the rest of the competitors are growing very well as compared to the foreign company. Because whatever product the company makes, the company itself does it from production to sale. The development and functionality of the company make it a good choice among investors. It is a good long-term investment as, according to experts and investors, Trident share price is undervalued. Trident is doing exceptionally well in terms of growth, which keeps retail investors happy and fulfilled.

Retail investors are really curious about the target of Trident in 2022. Recently, for the short term, the target is 67.4. It is completely in an uptrend and the share price is currently trading between 61.5 and 67.4. However, if the uptrend reverses from this point, there is a possibility that the future share price target could be 59 rupees. These shared price targets have world-class support and resistance levels as well.

The Trident group shares are still listed in the ASM list, which means the stock is still in the overbought zone. For the midterm, the share target is completely uptrend and the nearest possible future share price target is 77.03. The stock may find support at around 70.35. The retail investors keep profit-booking, which makes the stock trade between 70.35 and 77.03.

Trident Limited has recorded a rise in net sales in its December quarter results. The quarterly results are definitely impressive, which makes more retail investors continuously invest for long-term and short-term investments. Trident India is a leading textile brand with a market cap of Rs. 31,163 crore. It has become a continuous favourite among operators and retail investors for long-term and short-term profit. If the stock continues to perform in a similar manner, in the year 2022, investors and various experts are giving a target of 100+.

However, investors that are investing need to study the market conditions accordingly. There will be profit booking at every stage throughout the year 2022. One should hold the stock if you are looking for a long-term investment. For short-term goals, you can always profit from a book. And take out the capital that you have invested in the shares. The market can be volatile, bearish, or bullish.

Trident is growing in a full-fledged manner, expanding its business in various sectors apart from the textile group. The brand is selling its products directly through an e-commerce website. It is a huge relief for retail investors who have put their money into the Trident share.

Summing up 

Trident is a good long-term investment stock for retail investors. The stock is performing well, with good returns in both the short term and the long term. However, before you invest, you should conduct thorough research on the entry and exit times as per Trident share price to ensure that your hard-earned money is not trapped.

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