Trent is currently moving in an uptrend channel. It has been trading above its 200-DMA, indicating a positive outlook on the stock. We expect the momentum to continue as it has reversed from its support of 55-DMA. We recommend a buy with a target price of Rs 1,000. Keep a stop loss at Rs 825 for a medium-term perspective. this is just idea provided.
Trent is a Tata Group share and one of the leading players in the branded retail industry in India. West Side, Zudio, Star Grocery & fresh Food and Landmark are its top brands. it has given a good breakout on the weekly chart. Keep a check on Trent.
Resistance Breakout with Good volume Expecting Upmove upto 1042 levels.
Entry_ 910
Sl_887
Tgt1_ 945
Tgt2_ 1042
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ******** This is my view about Stock/Indices Based on Technical analysis & Price Action .The market cannot be accurately predicted or completely...
Trent has been on upward trend for last 3 weeks. The BO point looks near but last 2 sessions were not encouraging. Lot of Resistance to breach the 800 mark. HOLD for Long term.
GIVEN A BREAKOUT OF A VERY IMPORTANT RESISTANCE ZONE WITH GOOD VOLUMES. KEEP ON YOUR RADAR FOR THE NEXT FEW TRADING SESSIONS. MAINTAIN STRICT STOP LOSS. 20-30 POINT TARGETS CAN BE EXPECTED TOMORROW. BUT A GOOD STOCK FOR SWING TRADING AS WELL.
Using the concept of Support and Resistance one can understand the chart. Additionally, RSI going above 60 with some good volumes suggest the buyers interest in the stock, once can enter with a positional target of 800 - 900.
