TRENT in strong bullish trend and currently in a Pole & Flag pattern. I have placed the targets on the trendlines, follow after you crosscheck with your study. There's a volume imbalance zone,too.
NOTE: I'm not a SEBI REG. Study before investing.
Trent 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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This 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...
Trent can be bought on breaking the pole line which is around 1480 levels. diwali si around the corner expecting it to break for a great move. Entry only above the pole line.
📈 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...
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...
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.
![TRENT: Simple Trade Setup | TRENT | 11-04-2022 [INTRADAY]](https://s3.tradingview.com/k/KKgxP7sb_mid.png "Simple Trade Setup | TRENT | 11-04-2022 [INTRADAY]")
