This was the top trending stock in Wednesday’s trade, Triveni Turbine’s share value jumped – top trending stock triveni turbine

Mumbai – Indian indices are trading weaker for the fourth straight session and the broader market is witnessing profit-taking. Meanwhile, some significant midcap and smallcap indices witnessed strong buying interest from investors at minimum levels.

Triveni Turbine’s share rose over 4%, supported by higher transaction numbers. It has been consolidating near its all-time highs with above-average transaction numbers for the past six trading sessions. It refers to the storage phase. Interestingly, the stock has been bullish for the last 3 months, jumping 64% during this period. Also the 20-DMA has previously acted as strong support. This is a positive sign.

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From a technical perspective, this stock has strong value potential. The 14-day RSI (68.01) is bullish. The ADX (59.19) is pointing north and indicates strong trend strength. OBV is elevated and indicates active buying participation. In short, the price trend is positive and the stock is technically very strong.

Company shares have returned nearly 200% to shareholders in the last 3 years. Currently, Turbine share price is Rs.265 on NSE. Short term investors as well as long term investors should keep an eye on this stock. The stock has the potential to appreciate further in the coming days.
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