Trent Date 30.01.2025
Trent
Timeframe : Day Chart
Remarks :
Ab = CD Pattern + RSI Neutral Positive Divergence Makes It A Strong Buy Zone For Swing
Stoploss Below 1% from D
Regards,
Ankur
TRENT trade ideas
HARMONIC AB=CD PATTERN IN TRENTThe chart shows a significant downtrend from point A to B, followed by a corrective rally to C, and then a sharp decline to D.
The market appears to be completing its harmonic pattern at point D, suggesting potential for a reversal.
Fibonacci Levels:
AB retracement: The rally from point B to C aligns with the 0.601 Fibonacci retracement, which is consistent with harmonic setups.
BC projection: The movement from C to D aligns closely with a 1.618 Fibonacci extension of the BC leg, which often signifies a pattern's completion.
Reversal Zone at Point D:
Point D marks the potential PRZ (Potential Reversal Zone), where buying interest might emerge.
The price at D (₹5,490.45) aligns with key confluence levels of Fibonacci projections and prior supports.
Expected Price Movement:
Post pattern completion at point D, the price is expected to reverse upward, as indicated by the black arrow.
The initial target might be the 0.382 to 0.618 retracement of the CD leg, typically aligning with harmonic trading strategies.
Trading Implications:
Bullish Reversal: Point D suggests a high-probability bullish reversal zone.
Stop Loss: A stop loss could be placed slightly below the D point to manage risk.
Profit Target: Potential targets could include:
₹6,000 - ₹6,250 (near the first Fibonacci retracement levels).
Higher levels depending on market strength.
Conclusion:
This harmonic pattern likely signals a buying opportunity at the current level (₹5,490). Traders should monitor price action near point D for confirmation, such as bullish candlestick patterns, before entering a position.
THIS IS EDUCATIONAL PURPOSES ONLY.
Abcd Pattern on Trent We can see ABCD pattern completion on Trent on daily chart, price is near potential reversal zone. We can look for long potion from with Stop loss of 5200 on closing basis. We can also see diversions on 75 min time frame. Targets are mentioned on the charts.
Trent!! Zudio, bas ab kitne dukan khologe?Trent Ltd is engaged in retailing a wide range of products including apparels, footwear, accessories, toys, games, food, grocery, and non-food items through various retail formats and concepts.
Technical Analysis: A bearish pattern has been identified in Trent Ltd's stock. The trend has shifted from Higher Highs and Higher Lows (HH-HL) to Lower Lows (LL) and Higher Lows (HL) on the weekly time frame, indicating a potential change in trend. This suggests a possible significant decline from the current levels.
Entry : 6935
Target : Mentioned
Stop Loss : 7576
Let me know your thoughts on my analysis and follow for more chart insights.
Trent - Too many opportunitiesStock reaching a strong resistance area of 6585 - 6620
Bears may try to take control again of the stock
Can be sold if get an confirmation in LTF (Hourly) with Sl of 6630
If all goes fine, we may see 6200 area back soon
If it closes above 6630 then stock may go sideways to slow bullish for quite some time (Excellent Straddle Opportunity)
Also area of 7300 -7320 is the highest probability sell area
Caution : Always take confirmation in LTF
TRENT LONG IDEA...I'm taking long positions in the stock based on my Elliot wave analysis.
On breaking down Trent's chart pattern, I can see that the stock price is currently in the wave 4 correction of an upward major WAVE 4 movement.
I'm expecting a quick bounce back to the marked levels (wave 5 rally).
Please do your own analysis before you trade.
Good Setup of Dbl bottom; Fib and Accumulation Breakout1. Long term uptrend as per 200 DMA on day TF
2. Support at 38% of Fib; with double bottom formation which is sign of reversal
3. Accumulation for couple of weeks. this usually haapens when a big player wants to build their postion
4. Breakout from sideways with a conclusive canlde with higher volume
SL of merely 4%; entry above high of breakout candle; target - trail as per 9 EMA.
Trent bearish view short-termTrent bearish view short-term.
I have given clear idea about the targets
7100
7000
6900
Classic Price Action and Better RR of 1:3Rational:
After a stiff fall for few days, have started giving reversal signs.
On Day TF, has made bullish double bottom silently; and now consolidating for accumulation in narrow range.
Entry at the breakout of this short range with SL of around 5.5%. Entry : 7160; SL: 6766; Target: 8350.
Trent Date 20.12.2024
Trent (day chart)
Forming bearish pole & flag at the top. One sided run in last few years. Once breaks cloud + flag 1st target will be 200 ema
Regards,
Ankur
Trent Long | 19 Dec | IntradayTrade setup of either of case happens
1. Price closes above 7140 15min then we enter with 7080 SL and target 7200+ with RR of 1:1
2. Price goes to down first and take support or show rejection at lower levels around 7020-40
We enter with wither day low SL or 6980-6940 as per Risk apetite for 7000-7200 RR > 2
18th december trent for intra daytrent is touching the line from which it took the breakdown before.
menas short covering is on cards
buy trent in zone 6980-6995
with stop loss 6920
target 7146-7220-7280
above 7146 there will be breakout
Trent Ltd – Breakout in Progress📊 Analysis:
Trent Ltd is trading near its resistance zone around ₹7,020, forming a rising wedge pattern, which indicates sustained bullish momentum. The stock is supported by the 21-EMA and 50-EMA, confirming strength in the trend. A breakout above ₹7,020 could trigger further upside.
📈 Trading Plan:
Entry: Buy above ₹7,030 (on breakout confirmation with volume).
Target 1: ₹7,600
Target 2: ₹7,870
Stop-Loss: ₹6,810 (below recent swing low to limit risk).
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note:
Watch for volume confirmation during the breakout to avoid false signals. Stay cautious if the stock closes below ₹6,810, as it may invalidate the setup.
TRENT Stock: Key Levels, Trends, and Trading StrategiesTrend Analysis
Primary Uptrend:
The stock has been following a strong upward channel, as shown by the blue trendlines.
Over the past months, the price has consistently respected these trendlines, indicating strong investor confidence and sustained buying pressure.
Current Channel Movement:
The price is trading within a secondary ascending channel, showing shorter-term consolidation within the broader trend.
This setup suggests that while the uptrend remains intact, the stock is in a phase of measured growth.
Key Levels
Support Levels:
₹6,688.75: A critical near-term support level, highlighted in red. This level aligns with the lower boundary of the short-term channel.
₹6,353.25: The major support level that the price must hold to sustain the broader uptrend.
Resistance Levels:
₹7,081.15: A key resistance zone, which the stock has been testing recently.
₹7,234.70 and ₹7,445.10: Further resistances that could come into play if the stock breaks out above ₹7,081.15.
₹7,644.10: The ultimate resistance in the current setup, beyond which the stock could experience strong bullish momentum.
Volume Analysis:
A noticeable volume spike occurred during the last leg of the uptrend, signaling strong accumulation by investors.
Current volume trends are more subdued, suggesting a period of consolidation, which often precedes a breakout.
Key Observations
Bullish Flag Formation:
The stock is forming a bullish flag, a continuation pattern that often leads to further upside. A breakout above ₹7,081.15 could confirm this pattern.
Potential Scenarios
Bullish Case:
If the stock breaks ₹7,081.15 with strong volume, it could rally toward ₹7,234.70 and eventually ₹7,644.10.
Bearish Case:
If the stock breaches ₹6,688.75, the next support at ₹6,353.25 will be crucial to watch.
TRENT stock exhibits strong upward momentum, making it an attractive option for traders. A breakout above ₹7,081.15 could signal further gains, while buying near ₹6,688.75 support levels offers a favorable risk-reward setup. As always, implementing strict stop-loss levels and sound risk management is crucial to handle potential market volatility effectively.
TrentTrent's chart shows a strong uptrend with higher highs and higher lows, supported by consistent volume. The stock is trading above key moving averages, indicating bullish momentum. A breakout above recent resistance suggests further upside potential, with support near ₹6721.
Trent - Perennial bullishnessTrent is a consistently bullish stock, offering strong long-term investment opportunities.
Key Points:
1.] The stock maintains its bullish momentum by consistently taking support at the uptrend line.
2.] Frequent formation of flag patterns indicates a continuation of its upward trajectory.
3.] The stock rarely dips below the 360-day moving average, making it an excellent buy when near this level for long-term gains.
TRENTtrent vvery strong after goood correction , it will happen becacue of reason s
1.a stretched rubber will comeback
2. even if want to go down will need a pullbak of 50% or 61 level of fibnoonacci
TRENT DOUBLE TOP (1HR)You
DOUBLE TOP
Copilot
The double top pattern is a bearish reversal pattern that appears on a chart when the price reaches a high point twice with a moderate decline between the two highs. It looks like the letter "M" and signals that the asset might be losing its upward momentum.
Here's how to identify and interpret a double top pattern:
Two High Points: The price reaches a high level, pulls back, and then rises again to the same high level.
Support Level: The low point between the two highs forms a support level. If the price falls below this support level, it confirms the double top pattern.
Volume: Look for higher trading volume on the second high and a decrease in volume on the decline, which confirms the pattern.
Trent - Best Intraday stocks for tomorrow 14 Oct 2024 Trent has outperformed Nifty in past days and there is high probability of continuation of its performance.
So for tomorrow in my opinion it will be best for intraday trading but when to trade?
Condition 1- If price falls or opens gapdown then it will best to buy after support creation.
Condition 2- if opens flat or Little gapdown and moves upside towards previous trading sessions resistance then, price should take a halt at resistance levels then it will be good opportunity to buy at resistance break.
Condition 3- if price opens Gapup and creates a selling swing and test previous trading sessions resistance (which may act as a support) then after creating support or W PATTERN price will bounce
Trent Flying towards 8kTrent is showing super bullish momentum and strength. It is forming a bullish flag as well if closes above 7500 then 8k , 8200,8500 can be seen in this month itself.
Breakout - TrentTrent has broken out strongly on good volumes. It bounced back from the support and is now moving in a bullish trend.
