TRENT trade ideas
Trent is Getting Rejection at a Resistance LevelI found that Trent is trading near a support level. If it breaks that resistance, then we will go long but wait until it crosses 400 price level, but there are fewer chances that it will break that level. There are some other support and resistance lines too. If it breaks the below one, then we will go short till the next line.
#TRENTAwaited
H > 344.90 and C > 341 with strength
will cause the highest high on the leg
Touched 38.2 Retracement and then moving upwards
CCI(D/M)>100
Volume Surge
TGC is true
HTF is activated
Target (initial) 380 / 400 / 445
SL 310
TRENT auctioning higher after failed break downMarket failed to break down and auctioned higher. Looking for a retrace to take support around 320 - 325 level and angle up before a position can be taken. This area is shown in the rectangle box marked as Buy area. Looking to book half position around 355 - 360 level and hold the rest with trailing stop loss. The initial stop loss is 310 which is the previous swing low.
Positional Long | SL 300 | Tgt openNice structure taking support @ 50 Wk EMA...ready to meltup & hit ATHs
Trent Ltd Good Stock For Long Term Investment Technical : Flag Pattern Break Out Target 431
Fundamentals Good : (Fundamental Medium Term Target 700) (Fundamental Long Term Target 1000)
1.Total Eq Cap : 446.70cr
2.Return% on Total Eq Cap Quarterly : 8.73%
3.Return% on Total Eq Cap Yearly : 5.25%
4.Debt : 0.05cr
5. Stock PE : 14.26
