TrentAfter a long consolidation since Sep-21, Trent has managed to come out with good volumes. Check the last Daily candle.
CMP: 1262
Target-1: 1355
Target-2: 1587
TRENT trade ideas
TRENT - 6 months of consolidation broken - Looks strongFrom October 2021 to March 2022 (till date) - TRENT was moving in a range. Consolidation broken on upside with good volume support.
#TRENT#Trent strong breakout with volume, wave 3 of 3 impulse wave move found, 1394/1434 will be hit monday or tuesday, trendline also favour.
Trent Breakout Trade Trent Breakout on Daily TF. Breakout happened on first hour of Thursday and has maintained a good stable range after that.
#TRENT breakout NSE:TRENT
Trent Limited has just given strong breakout. above 1284 one can go long for mentioned target with given stop loss on chart.
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Break out with Volume - TrentTrent gave a strong BO with volume.... Immediate tgt looks like 25% from here... Positionally 2X....
TRENT - LongRelatively stronger .
Broken out of resistance after a good consolidation .
Looks like a long candidate .
SL Below 1180 DCB
Parallel Channel Breakout in TRENTDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Parallel Channel Breakout in TRENT
Buy Today, Sell Tomorrow: TRENT
Trent ready for range breakoutSimple range breakout expected.
Stock already in higher high higher low formation on large timeframes
Good consolidation of 5 months, after a healthy up move.
Stock entering into expansion mode after contracting for last few weeks. check image below.
SL is wide at 1020 around 12 % form CMP.
Risk can be managed by reducing quantity and keeping risk limited to certain percentage of capital as per risk appetite
TRENT LTD TARGET 1409TREND LTD touched the primary resistance trend. And also crossed weekly consolidation and closed above with healthy. Target 815
TRENT LOOKS STRONGLY BULLISH FOR TGT OF 1800#TRENT (POSITIONAL PICK)
CMP 1265
TGT 1300,1400,1500,1630,1800
SL 10803.6
Risk Reward (RR) - 1:3
Potential Returns : 45%
Potential Loss: 14.5%
Time Frame: 3 to 6 Months
TRENTTRENT
Trent Limited is engaged in the retail sale of readymade garments.
Low probability of default in next 12 months
Current price is more than the intrinsic value
Stock has not been able to generate better return on equity than bank FD
In last 6 months, promoter holding in the company has almost stayed constant
MIDCAP With a market cap of ₹41,488 cr
Stock is 2.03x as volatile as Nifty
COMPANY DATA TAKEN FROM TICKER TAPE
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
TRENT IMPORTANT LEVEL FOR 11 TH MARCHTRENT is in a structure to plan both long and short . Important SR levels marked for reference .Watch price action near SR and take trade as per your view. Happy trading ...
a clear triple bottom formed in trent we can buy for the targeta clear triple bottom formed in trent we can buy for the target price of rs 1300
#TRENT - Blast Set Up + Cup & Handle in DTFWTF is in Up Trend
DTF is forming a Blast Set Up (multiple rejection of Weekly resistance BLUE LINE) + Cup & Handle
Price above 10 & 50 EMA
PRICE NEEDS TO CLOSE ABOVE WEEKLY RESISTANCE
Enter - 1217
SL - 1176
Tgt - 1289
trentTrent on good support,if tomorrow reversal candle forms can go for buy,if breakdown occurs will sell,as it is on good support expecting reversal from here
