TRENT trade ideas
TRENT LTD. Breakout Trent Ltd. Breakout Trade Line & Levels
1st tgt 868
2nd tgt 920
Entry point 817 - 822
Stop loss 860..
NOTE :- Educational Purpose Only.. I would Say it is not compulsory to engage in any trade.. Trade on your Risk.. Take Trade only when you are willing to take risks..
Trend - Long After a decent correction, stock is showing signs of continuing its upward movement. It has formed a higher low and ready to break out its recent high. If high is broken with strength stock could see a 10% movement
TRENT- BREAKOUTGIVEN A BREAKOUT OF A VERY IMPORTANT RESISTANCE ZONE WITH GOOD VOLUMES. KEEP ON YOUR RADAR FOR THE NEXT FEW TRADING SESSIONS. MAINTAIN STRICT STOP LOSS. 20-30 POINT TARGETS CAN BE EXPECTED TOMORROW. BUT A GOOD STOCK FOR SWING TRADING AS WELL.
trent ltd head and shoulderafter neckline is breached, bearish alternate ab=cd will be activated and target will be 561.
Trent Levels shown in chartTrent is following very good price action. Levels are shown on the chart.
ALL Time Uptrend StockWait for the Breakout. After then break of resistance Take LONG Position with the given SL.
TRENT - Technical AnalysisUsing the concept of Support and Resistance one can understand the chart. Additionally, RSI going above 60 with some good volumes suggest the buyers interest in the stock, once can enter with a positional target of 800 - 900.
BreakoutTook support from 750 levels. Another resistance at 790 thereafter it might run up. It's constantly taking support at a support Trent line
Trent - 1DResistance: 755.40, 786, 811.20
Support: 693.35, 671.20(Major), 643.50, 621.55(Major)
This is just a technical view for education purpose.
Please consult your advisor before trading.
TRENT | Bullish pinbar at trendline & 200 EMACMP - 729
SL - 670
Target - 950
Small resistance zone at 750-800 levels.
The stock has respected long term trendline and exactly on 200EMA on daily timeframe. Also a small divergence is observed. Only worry is that rising Covid cases can draw down the levels. Add on dips at important levels.
