NSE:TRENT
find long trade as per your trade setup for target of this Harmonic pattern's PRZ.
and if find reversal there at PRZ one can short as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own...
Last 3 days serious buy happens at closing time. If that channel brake out happen with good volume, first target should 800-820.. Breakout level above 705 closing. SL will update once trade get trigger.
Stock is testing third time the resistance zone, if fails to break can fall up to 745 and 725.
However breaking the resistance of 809-810 can bring more upside move. EITHER SIDE, MOVE WILL BE A BIG ONE !!
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Trent is nearing the long term resistance level.
Can go long if breaks 810 level.
If rejected from the resistance can take support at the green medium term support range.
Trend is forming a similar structure to bullish ascending triangle and moving in a channel. One can look for bullish setup. Right now, entering at the current levels would be risky because short-term trend looks still bearish. If you blindly enter, then trent can become your enemy. :p
Around 632 seems firm support, it might be difficult to break those levels....
Trent can be traded as per levels mentioned in the chart
Risk must not be more than 1% of your trading capital. Conservative buyers may limit the risk to 0.5% of that capital.
