mindzap
Long

TRENT auctioning higher after failed break down

NSE:TRENT   TRENT
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Market failed to break down and auctioned higher. Looking for a retrace to take support around 320 - 325 level and angle up before a position can be taken. This area is shown in the rectangle box marked as Buy area. Looking to book half position around 355 - 360 level and hold the rest with trailing stop loss. The initial stop loss is 310 which is the previous swing low.
Trade active: Buy got triggered today
Trade active: Booked profit on half position and tightened the stop to entry price.
Trade closed manually: Closed all positions at profit. Market is very choppy and can reverse.
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