TRENT trade ideas
📊 #Trent #nifty #nifty50 #banknifty #niftybankNSE: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 analysis before taking any trade on them. we are not SEBI registered.
TRENT Ready To Change its TREND ??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.
ascending triangle breackoutNow the stock is going to another territory
The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows
Trent - SwingStock 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 !!
Breakout in Trent...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
TRENT: Watch out for Big MoveTrent 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.
TRENT LONGEnter in TRENT between 660 and 650....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediat target for swing traders will be around 750,800 and long term above 920+ easily......levels are marked........ best buy if goes around 550 or 500
Trent-The Trap-False Breakout Above 805 (Wave Analysis)This stock has limited trading opportunity in current scenario. Possible Trading Strategies mentioned below
• Sell below 625 for downside target -540 which is 61% retracement of upside last wave (365 to 809)
• Buy above 725 (strictly hold your buy positions till it holds above 725 as false breakouts can
happen above 725 as they are extremely choppy moves)
• Sell below 540
• Buy Above 810
Long Term Scenario - Positive once 810- critical level gets broken upside to be reviewed later.
TRENT | Channel Support with confirmation - 18%TRENT | Channel Support with confirmation - Looks good for 15% to 18%
CMP : 699
SL : 660
Target : 800, 830
We frequently get this kind of setup - attached some of the recent stocks we came across similar to this pattern.
TRENT: long ideaTRENT: Very interesting chart: the encircled price action has many commonalities..it took 22 days in Aug 2020 before it started its upward journey...today its been 23 days since the price hit the demand line first...expecting it to resume upward journey from tomorrow/ monday (if red line breaks then trade is nullified)
Trent, 1D TFPrice is taking support over the Trendline & about to form a double bottom at Trendline which can give above 10% reward.
For safe entry we can wait for the Short term trendline to break with a strong Bullish candle.
Immediate entry is also perfect considering minimum risk trade.
