TRENT| Good for Long NSE:TRENT
Cmp : 1262
Try on Pullback near 1210
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Trent
Simple Trade Setup | TRENT | 11-04-2022 [INTRADAY]NSE:TRENT
Observations:
1) On 15min time frame, we can see it has traded below the support channel and now this support channel should work as resistance channel.
Please refer below chart : 15min time frame.
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Trade Setup for 11-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TRENT-->BULLISH RECTANGLE BREAKOUTNSE:TRENT
TECHNICAL ANALYSIS
--> TRENT had made a impulsive upmove earlier and was consolidating in a BULLISH RECTANGLE since 6 months.
--> TRENT has given a breakout from a BULLISH RECTANGLE Pattern at 1225.
--> TRENT consolidated again in a smaller BULLISH RECTANGLE and has given a breakout above 1315.
ENTRY
--> Take a postion when stock gives 1 HR closing above 1320
STOPLOSS
--> SL can be placed below the Breakout Candle which is 1285
TARGET
--> Target will be the height of bigger BULLISH RECTANGLE around 1398.
#TRENT breakout NSE:TRENT
Trent Limited has just given strong breakout. above 1284 one can go long for mentioned target with given stop loss on chart.
******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
TRENTTRENT
Trent Limited is engaged in the retail sale of readymade garments.
Low probability of default in next 12 months
Current price is more than the intrinsic value
Stock has not been able to generate better return on equity than bank FD
In last 6 months, promoter holding in the company has almost stayed constant
MIDCAP With a market cap of ₹41,488 cr
Stock is 2.03x as volatile as Nifty
COMPANY DATA TAKEN FROM TICKER TAPE
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Trent limited buy for Festival stock Trent Limited is the retail hand of Tata group based out of Mumbai, Maharashtra. Started in 1998, Trent operates Westside, one of the many growing retail chains in India based in Mumbai
diwali festival stock breakout
target 1 1085
target 2 1102
target 3 1160
stoploss
1038.55
TRENT- DOUBLE TOP - BEARISHWhy this Trade..??
Bearish Because
1.Classic Double top pattern
2.No Clear Support at Present LTP,So it must touch the Support we have drawn.
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
TRENTNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading