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 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.
-------------------------------------
Trade Setup for 11-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle...
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...
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...
![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]")
