📈 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...
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.
Trade Setup for 11-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle...
Trent Limited has just given strong breakout. above 1284 one can go long for mentioned target with given stop loss on chart.
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