TRENT trade ideas
TRENT - 1D TF - Cup & HandleCup & Handle pattern forming on Daily Chart of TRENT. BUY 810, SL 664.9, Target(s) - 900, 950, 1000 . Cup Depth = 405. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
#Trent can be sold below 665 for 600A massive sell off 2.5 crore shares indicates exit of some big player. The stock was in momentum and now if breaks the support of 665 we can see more fall towards 600 levels.
Positional Trade - TRENT Ltd.Buy TRENT around= CMP or ( 670 to 700 ) for the Targets of Rs . 720 and 746 ....
Stoploss Rs . 665 .
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Vishwajeet Sharma
Trent will break the resistance and move upPrice inside a channel formed a triangle pattern and breaks the pattern successfully but rejected from the resistance big but the buying presure is on and price is back to resistance levels this time it has more chance to break the resistance to reach the channel top. New ATH will be set in the coming weak.
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Analysis of Trent NSETrent is making a head and shoulders pattern and getting a solid support at 0.382 (627)
in my opinion, the consolidated area of 585 will be the first target level
NSE:TRENT
Buy TrentTrent can be traded as per levels mentioned in the chart
Risk must not be more than 1% of your trading capital. Conservative buyers may limit the risk to 0.5% of that capital.
trent
after making double bottom, it is recovering and made cup with handle pattern where its handle is 38.2 % .
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so now it is looking bullish and confirmation with Elliott's wave theory .
after 2nd major wave it had made 4 sub-divided wave and now moving to make 5th wave where cup with handle formed
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thanks .
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thanks
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Cup and Handle Pattern Breakout? Break out candle is not strongEducational Purpose Only
Reason: Cup and Handle pattern
Breakout Candle is not strong hence risk less(small Qty)
Volume increase
Buy above 705
SL 667
Target 743
