Get started

Trentrading

TRENT Long Buying: A Smart Move According to Technical AnalysisThis 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 stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders. Analysis: The TRENT stock has been in a range-bound pattern for the past few months, but recent price action suggests that the stock may be breaking out. The stock has been trading in a range between 1155.70 and 1224, and a breakout above 1224 could signal a short-term trend reversal. The technical indicators are also pointing to a potential buying opportunity. The Relative Strength Index (RSI) has been trending higher and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed above the zero line, suggesting that the trend is gaining momentum. Furthermore, price action on the chart shows that the stock has reached a strong support level and is showing signs of a potential reversal, with bullish cand formation. Recommendation: Based on the analysis above, we recommend buying TRENT stock if it breaks 1224 levels, with a stop loss of 1155.70 and a target 1 of 1283 and target 2 of 1358.70. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. It's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action. Conclusion: In conclusion, TRENT stock appears to be breaking out of a range-bound pattern and may be due for a short-term rebound. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, buying TRENT stock if it breaks 1224 levels with a stop loss of 1155.70 and a target 1 of 1283 and target 2 of 1358.70 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:TRENTLong
by EntryandExit
Trent Analysis !! Broke Out.📈 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 basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:TRENTLong
by ShelendrAgrawal
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. ------------------------------------- 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.
NSE:TRENT
by Trading_hawk
NIFTY 50NIFTY50 will most probably find support around the trend line. Wait to buy when it forms support around the trend line. If it breaks the trend line it may find next support around 11426 as it might fill the gap. WAIT FOR SUPPORT OR BREAKOUT AROUND THE TREND LINE. ALSO, support is present at 11360. If the trend line breaks the first target can be 11426, the second target can be 11360. And if, it finds support on the trend line the levels to watch out for is 11637 as it may find resistance.
NSE:NIFTY
by rohiit