Trent
Trent All time HighTrent india retail sector company continue show the positive trent currently the share is brackout in the all time hight level. The price is also follow in the Channel.
i am bullish on the share and my stop loss is higher time frame is channel lower point.
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Trent A Swing Buy or not ?Hi, well you have seen that how the market is falling and most of the stock are going down including nifty but at now things have changed and it's showing us a buy with the hint of Inverse head and shoulders pattern one of the most common, used and with higher success rates. Targets can be taken near 1560 to 1565. Thank you . pls do follow and like the post. also tell me your opinion on this
TRENT LTD: SHORT TERM TREND ANALYSISThis scrip is certainly a Cash Cow for the Traders in next few days. Here we see TRENT LTD in completed CUP and HANDLE Format. The Chart has retested the support level at 1286 and crossed above the level 1340.55. First Entry level @ 1340 has already crossed as stock is trading @ 1363.10. However, if it retests the support level @ 1340.55 , one can enter the trend @ 1340. The Targets would be 1380 (Previous Resistance), 1475 (Previous Resistance) and 52 Week High of 1560.
Volume is High and Trend is supported by both the Moving Averages. Please refer to the Chart for further details and let me know if you have any questions. This analysis is completely for educational purposes, and it has nothing to do with CALL TIPS.
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TRENT Long Buying: A Smart Move According to Technical AnalysisThis report aims to provide a technical analysis of TRENT stock and a recommendation for buying the stock in the short term. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements.
Background:
Trent Limited is an Indian retail and lifestyle company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The TRENT stock has been in a range-bound pattern for the past few months, but recent price action suggests that the stock may be breaking out. The stock has been trading in a range between 1155.70 and 1224, and a breakout above 1224 could signal a short-term trend reversal.
The technical indicators are also pointing to a potential buying opportunity. The Relative Strength Index (RSI) has been trending higher and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is gaining momentum.
Furthermore, price action on the chart shows that the stock has reached a strong support level and is showing signs of a potential reversal, with bullish cand formation.
Recommendation:
Based on the analysis above, we recommend buying TRENT stock if it breaks 1224 levels, with a stop loss of 1155.70 and a target 1 of 1283 and target 2 of 1358.70. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds.
Disclaimer:
It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. It's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action.
Conclusion:
In conclusion, TRENT stock appears to be breaking out of a range-bound pattern and may be due for a short-term rebound. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, buying TRENT stock if it breaks 1224 levels with a stop loss of 1155.70 and a target 1 of 1283 and target 2 of 1358.70 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
TRENT - Ichimoku Bullish Breakout Stock Name - Trent Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1566
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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Trent Analysis !! Broke Out.📈 Trent Ltd. 📉
This broke out from a Resistance Zone of 1175-1200 and closed above it .
On Buy Side I am looking for Targets of 1400-1450.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept below 1125-1150 zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.