INSUBCONTINENT EXCLUSIVE:
Shares of Trident jumped 6.3% to an intraday high of Rs 33.10 on the BSE, driven by investor optimism following regulatory clarity and a key
geopolitical shift in the global textile industry.The surge came after the US administration under President Donald Trump announced a 35%
manufacturers like Trident.India currently faces a 10% average tariff on textile exports to the US
With Bangladesh now facing a significantly steeper tariff, Indian exporters could gain a pricing edge, especially if trade negotiations
certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018
The filing, made to both BSE and NSE, was backed by a certificate from KFin Technologies Ltd, confirming that all dematerialisation and
commitment to corporate governance and regulatory transparency
The company has also advised stakeholders to verify signatory authorizations via its official website or corporate communication
channels.
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Should you buy TCS, Infosys, Wipro before Q1 results?Relative Strength Index (RSI): The daily RSI (14) for Trident stands at 54.1
RSI is a momentum oscillator that ranges from 0 to 100
Readings below 30 suggest the stock is oversold, while readings above 70 indicate it is overbought
An RSI around 54 indicates neutral to moderately bullish momentum, suggesting there is still room for upward movement without being
the long-term 200-day SMA
This alignment across short-, medium-, and long-term moving averages is typically considered a strong bullish signal, indicating a
well-supported uptrend.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of the Economic Times)
