Triveni Turbine - Chart of the Week

TRITURBINE has a beautiful structure on the Weekly Timeframe to Qualify for my Chart of the Week idea, it saw Decent Volumes around the marked Key Levels which is 0.786% Fib Retracement Levels and also a Rising trendline which has been defending since June 2022 Several Times.

About:
TRITURBINE primarily manufactures and supplies power-generating equipment and solutions. It was a division of TRIVENI since the 1970s and was demerged w.e.f from Oct 2010 into a separate entity.

Trade Setup:
Could be a good Positional Trade with the Rising Trendline Being a Major Support along with FIb Levels.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.