Trent parallel channel.

Jun 9

Trent in parallel channel. I think it can go till 5080 then can reverse till 4700.

Jun 10

Note

5047 high and reversed.

Jun 12

Note

Exact reversal 5100....see todays candle.

Jun 12

Note

Now if it crosses 5100 with good volume on closing basis then another 600 point rally can be seen otherwise 600 point downward journey will start.

Jun 13

Note

Reversal started. Position can be taken for 4700.

Jun 14

Note

Seems like with tata group re-rating this may not stop before 6500 now.

Jun 20

Trade closed: target reached

5400.

Jun 22

Note

This is a retest, if it crosses 5450 then 6000 can be seen before year end.

Jun 24

Note

Almost crossing 5450 ...short covering may come tomorrow if it happens.