Trent
DeGRAM | EURGBP descending channelEURGBP is moving in a descending channel. The price has reached the resistance level and the upper limit of the channel, a rebound and a downward movement is expected.
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DeGRAM | GBPUSD range breaking GBPUSD has broken through the descending channel and now the price has again approached the decisive retest of the channel boundary, from which an upward rebound is expected.
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DeGRAM | AUDCAD lower limitAUDCAD after breaking through the ascending channel, moved to the descending one. The price has reached the lower limit of the channel and a strong support level from which an upward correction to resistance is possible.
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Trent looking bullishTrent Ltd. stock has given trendline breakout with good volumes which can also be seen as a flag pole pattern. Also, The stock has given a very good weekly closing.
The stock can be a good buy for intraday above 910.
Also, one can expect nearly 10% targets in a swing trade if the ATH levels are crossed.
This is just for educational purpose.
TRENT ::: LONGDATE: 11 MAY 2021
INSTRUMENT: TRENT
TREND: BUY
TIME FRAME: DAY
CMP: 763
BUY ABOVE: 763
STOP LOSS: 728
TGT 01: 821
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
RSI Bullish Divergence in NSE: TRENT 1D Chart In TRENT, there was a down-trend. Now, down-trend is over and a new trend is getting established.
There is RSI Bullish Divergence in 1D Chart. Stock may come down a bit in short team (like next 1 week).
Overall, if the new trend establishes itself, stock may go up in mid-term.
TRENT BUY AT 750. TARGET 825. SL 690. HOLD FOR 3 MONTHS# The sharp trended decline in TRENT seems to have completed, as the stock price has bounced up from the lower support of 700 levels in this week.
# We observe a formation of bullish hammer type weekly candle pattern in last week and upside bounce in this week which signal bottom reversal in the stock price around
700.
# We also observe a larger degree positive sequence like higher tops and bottoms over the last few months. The recent swing low of 689-12th April could be considered as a
new higher bottom of the sequence.
# Weekly 14 period RSI shows positive indication. Hence, one may expect further strengthening of upside momentum in the stock price ahead.
# The overall chart pattern of TRENT indicate long trading opportunity. One may look to create a positional long as per the levels mentioned above.