Trident Ltd Technical Momentum Shifts Amid Mixed Market Signals

Current Price and Market Context

As of 5 January 2026, Trident Ltd’s stock closed at ₹27.03, up from the previous close of ₹26.83. The intraday range was relatively narrow, with a low of ₹26.67 and a high of ₹27.08. The stock remains well below its 52-week high of ₹34.85 but comfortably above its 52-week low of ₹23.20, indicating a moderate recovery from recent lows. The company’s market capitalisation grade stands at 3, reflecting a mid-tier valuation within its sector.

Technical Trend Overview

The overall technical trend for Trident has shifted from bearish to mildly bearish, signalling a tentative improvement but still cautioning investors. The daily moving averages remain bearish, suggesting that short-term momentum is yet to decisively turn positive. This is corroborated by the weekly and monthly Moving Average Convergence Divergence (MACD) indicators, both of which remain bearish, indicating that the stock’s momentum is still under pressure on longer timeframes.

Momentum Oscillators and Signals

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, leaving room for potential directional moves depending on upcoming market catalysts.

Bollinger Bands on weekly and monthly charts are mildly bearish, reflecting a slight downward pressure but without extreme volatility. This mild bearishness indicates that price movements are contained within a narrowing range, which could precede a breakout or further consolidation.

Additional Technical Indicators

The Know Sure Thing (KST) indicator presents a mixed picture: weekly readings remain bearish, while monthly readings have improved to mildly bullish. This divergence suggests that while short-term momentum remains weak, longer-term trends may be stabilising or beginning to improve.

Similarly, Dow Theory analysis shows a mildly bullish trend on the weekly chart but no clear trend on the monthly chart. This further emphasises the stock’s current technical indecision, with short-term signals hinting at potential recovery but longer-term confirmation still pending.

On-Balance Volume (OBV) readings are mildly bullish on the weekly timeframe, indicating that buying volume is slightly outpacing selling volume in recent weeks. However, the monthly OBV shows no definitive trend, suggesting that institutional participation remains cautious.

Performance Relative to Sensex and Sector

Trident’s recent returns have lagged behind the broader Sensex index across most timeframes. Over the past week, the stock gained 0.52% compared to the Sensex’s 0.85%. The one-month return was negative at -3.19%, while the Sensex rose 0.73%. Year-to-date, Trident has marginally outperformed the Sensex with a 1.01% gain versus 0.64%. However, over the last year and three years, the stock has significantly underperformed, declining by 20.59% and 21.42% respectively, while the Sensex posted gains of 7.28% and 40.21% over the same periods.

Longer-term performance tells a more positive story, with Trident delivering a 151.91% return over five years and an impressive 367.65% over ten years, both comfortably ahead of the Sensex’s 79.16% and 227.83% returns respectively. This suggests that while recent momentum has been weak, the company has historically rewarded patient investors.

Mojo Score and Rating Changes

MarketsMOJO currently assigns Trident a Mojo Score of 48.0, reflecting a cautious stance. The Mojo Grade was downgraded from Hold to Sell on 11 August 2025, signalling a deterioration in the stock’s fundamental and technical outlook. This downgrade aligns with the mixed technical signals and recent underperformance relative to the benchmark index.

Implications for Investors

The technical indicators suggest that Trident Ltd is at a crossroads. The prevailing bearish signals on key momentum indicators such as MACD and moving averages caution investors about potential downside risks in the near term. However, the mildly bullish signals from KST, Dow Theory, and OBV on weekly and monthly charts hint at a possible stabilisation or gradual recovery if positive catalysts emerge.

Investors should closely monitor the stock’s ability to break above key resistance levels near the 52-week high of ₹34.85 and watch for confirmation from momentum oscillators like RSI and MACD turning decisively bullish. Until then, a cautious approach is warranted, especially given the recent downgrade and the stock’s underperformance relative to the Sensex over the past year.

Summary and Outlook

Trident Ltd’s technical momentum has shifted from outright bearishness to a mildly bearish stance, reflecting tentative signs of improvement amid persistent caution. The stock’s mixed technical signals, combined with a recent downgrade to a Sell rating by MarketsMOJO, underscore the need for investors to exercise prudence. While longer-term returns remain impressive, short- to medium-term price action suggests that the stock may continue to face resistance and volatility.

For investors with a higher risk tolerance, monitoring the evolution of momentum indicators such as MACD and RSI for bullish confirmation will be key before considering new positions. Conversely, those seeking more stable opportunities may prefer to explore alternative stocks within the Garments & Apparels sector or other sectors with stronger technical and fundamental profiles.

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