TRENT trade ideas
TRENT BO candidateTrent would BO on clb above 973-75 area. Trading near ATH. Looks strong on all major TFs.
Trent - Breakout Possibility- SustainTrent :
Need to Sustain the Breakout
Long above 970 with Support at 945
Next Support 925
TRENT STOCK & BANKNIFTY RESISTENCE & SUPPORT 03/08/2021TRENT STOCK TOMARROW BREAKOUT BEST ENTRY MORNING TIME BREAKOUT
BANK NIFTY RESISTENCE = 34730/34882 & 35127
BANK NIFTY SUPPORT = 34477 & 34120
TREND ( CUP AND HANDLE PATTERN FORMED )NSE:TRENT
LET SEE THE PRICE ACTION = CUP AND HANDLE PATTERN FORMED AND BREAKOUT ALSO HAPPENED.
CMP =956.60
BUY ABOVE =960
1 TARGET= 980
2 TARGET=1130
STOP LOSS= 930
IT IS MY OWN ANALYSIS
LET TELL YOU OPINION ABOUT THIS STOCK.
Trent fresh ideaTrent had given a big fall from 947 to around 840 in the past few trading sessions. But, today it has again picked up a bullish momentum with very high volumes.
On the daily TF chart, a sharp reversal, a kind of Morning Star pattern from 23.6% retracement is visible & formation of cup and handle pattern with 945-950 being a strong supply zone which can be tested soon which is almost 3-4% from CMP (I personally bought it at 909)
Breakout of 950 levels with good volumes can be an indicator of another rally, which can be expected based on today's movement.
Please do your own analysis & trade accordingly as this is just my personal opinion for educational purposes.
TRENT Swing tradeCup and Handle pattern.
Trade with caution, use approprite position sizing and risk management.
TRENT - Ascending Triangle BOTRENT breakout from an ascending triangle pattern. looks good for swing traders at the current level. Made new ATH.
Trent Ready for a new high.Clear Ascending triangle visible.
Stock in continuous uptrend. Higher high higher low structure intact.
Pattern Preceded by such healthy uptrend increases the probability of breakout and pattern to work out.
There 2 strong hammers at the trend line. Indicating a good support on trend line.
Set up is invalid below the low of the hammers.
SL level 830. Risk 10%.
Stock is contracting since few days. ( check below image ) Expansion mode will begin soon.
My View ON TRENTTrent forming inverse Head & Shoulder.Above 945-949 should hit 955-960-970++.Once activate we will use TSL.Also keeping on Radar TRENT 940 CE.
Trent for 4-8 weeks low risked but lets seeTrent is currently moving in an uptrend channel. It has been trading above its 200-DMA, indicating a positive outlook on the stock. We expect the momentum to continue as it has reversed from its support of 55-DMA. We recommend a buy with a target price of Rs 1,000. Keep a stop loss at Rs 825 for a medium-term perspective. this is just idea provided.
TRENT looks weak !!!Making lower lows for 3 days.
Bearish candle formed in d & W chart.
Close below short term moving averages.
So weakness may be continue in near term.
So sell on rise.
Sell near 874-878
May test 838/812 lvl again.
Sl 880
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
TRENT BREAKOUT ON WEEKLY CHART!!Trent is a Tata Group share and one of the leading players in the branded retail industry in India. West Side, Zudio, Star Grocery & fresh Food and Landmark are its top brands. it has given a good breakout on the weekly chart. Keep a check on Trent.
