The 4-hour chart of TRENT showcases a well-executed short trade setup using the Risological swing trader. With TP1 and TP2 targets already hit, the momentum hints at further downside movement towards TP3 and TP4.
Trade Highlights:
Entry Price: ₹7605.35
Stop Loss: ₹7975.20
Targets:
Technical Breakdown:
Risological trend line: A steeply falling Risological red trend line validates a persistent bearish trend.
Strategic Recommendations:
TRENT’s bearish momentum is far from over. Will TP3 and TP4 seal the deal? Stay tuned! 📉
Trade Highlights:
Entry Price: ₹7605.35
Stop Loss: ₹7975.20
Targets:
- TP1: ₹7148.25 ✅
- TP2: ₹6408.65 ✅
- TP3: ₹5669.00 (potential) 🔄
- TP4: ₹5211.90 (final target) 🔄
Technical Breakdown:
Risological trend line: A steeply falling Risological red trend line validates a persistent bearish trend.
- Candlestick Formation: Consistent lower highs signal sustained seller dominance.
- Volume Dynamics: Elevated volumes on red candles affirm selling pressure.
Strategic Recommendations:
- Current Traders: Trail stop loss to secure profits and ride the trend toward TP3 and TP4.
- Potential Entries: Watch for minor pullbacks toward TP2 for fresh short positions.
TRENT’s bearish momentum is far from over. Will TP3 and TP4 seal the deal? Stay tuned! 📉
- Check this indicator and thank me later > Risological.com
- Get blown away by its accuracy
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- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- Check this indicator and thank me later > Risological.com
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.