TRENT trade ideas
Trent-The Trap-False Breakout Above 805 (Wave Analysis)This stock has limited trading opportunity in current scenario. Possible Trading Strategies mentioned below
• Sell below 625 for downside target -540 which is 61% retracement of upside last wave (365 to 809)
• Buy above 725 (strictly hold your buy positions till it holds above 725 as false breakouts can
happen above 725 as they are extremely choppy moves)
• Sell below 540
• Buy Above 810
Long Term Scenario - Positive once 810- critical level gets broken upside to be reviewed later.
TRENT | Channel Support with confirmation - 18%TRENT | Channel Support with confirmation - Looks good for 15% to 18%
CMP : 699
SL : 660
Target : 800, 830
We frequently get this kind of setup - attached some of the recent stocks we came across similar to this pattern.
TRENT: long ideaTRENT: Very interesting chart: the encircled price action has many commonalities..it took 22 days in Aug 2020 before it started its upward journey...today its been 23 days since the price hit the demand line first...expecting it to resume upward journey from tomorrow/ monday (if red line breaks then trade is nullified)
Trent, 1D TFPrice is taking support over the Trendline & about to form a double bottom at Trendline which can give above 10% reward.
For safe entry we can wait for the Short term trendline to break with a strong Bullish candle.
Immediate entry is also perfect considering minimum risk trade.
#Trent is your friendTrend is forming a similar structure to bullish ascending triangle and moving in a channel. One can look for bullish setup. Right now, entering at the current levels would be risky because short-term trend looks still bearish. If you blindly enter, then trent can become your enemy. :p
Around 632 seems firm support, it might be difficult to break those levels.
For such simple and highly accurate setups see my other charts. Thank you.
Regards.
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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Thank you,
Vishwajeet Sharma
