Trent (NSE) – Technical Analysis (Simple Explanation)
- Trend: Downtrend but near support.
- Support Zone: ₹4,955 – ₹5,090 (price bounced from here).
- Resistance Levels: ₹5,317 (immediate), ₹6,000 (major).
- Breakout Potential:
- If price stays above ₹5,317, it may rise towards ₹6,000 (+17.43%).
- If it breaks below ₹4,955, further downside is possible.
- Conclusion: Watch for price action near ₹5,317. A strong breakout can trigger a bigger rally.
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