TRENT trade ideas
Analysis of Trent NSETrent is making a head and shoulders pattern and getting a solid support at 0.382 (627)
in my opinion, the consolidated area of 585 will be the first target level
NSE:TRENT
Buy TrentTrent can be traded as per levels mentioned in the chart
Risk must not be more than 1% of your trading capital. Conservative buyers may limit the risk to 0.5% of that capital.
trent
after making double bottom, it is recovering and made cup with handle pattern where its handle is 38.2 % .
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so now it is looking bullish and confirmation with Elliott's wave theory .
after 2nd major wave it had made 4 sub-divided wave and now moving to make 5th wave where cup with handle formed
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thanks .
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thanks
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Cup and Handle Pattern Breakout? Break out candle is not strongEducational Purpose Only
Reason: Cup and Handle pattern
Breakout Candle is not strong hence risk less(small Qty)
Volume increase
Buy above 705
SL 667
Target 743
TRENTStock is ready for break out after forming rounding bottom pattern.buy if the stock crosses above the resistance channel(705-707) level. Low volume stock
TRENT - LONG NSE:TRENT
Action - Buy
LTP 693/-Rs
STOP LOSS 640/-Rs
TP 760/-RS
Cup with Handle Breakout at 684/-Rs
Trend line support at 640/-Rs
Trent is looking good on chart*Trent has given a nice breakout
*Short target of 630 can be achived soon.
trent tradethe stock is making higher top higher bottom indicating it is going higher,the stock decline from 700 to 600 ,only 100 point reaction it is natural reaction,on reaction volume is decreasing ,means it is meeting support at 600 psychological price level,so buy here with minimum stoploss and hold
TRENTRisk Disclaimer. DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. ... All trading strategies are used at your own risk
