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Trent

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.
NSE:TRENTShort
by sreejithgalvaxeline7
TRENT - ASCENDING CHANNEL + 50EMA Support - SWINGThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets Logic, Entry range, SL and Targets are shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Check out related ideas for easy understanding of how similar setup works and how a beginner can find good swing trades on his own by following this setup with good risk-to-reward ratio. (1) JKCEMENT (2) PIIND (3) MASFIN (4) CRISIL (5) Previous Analysis of TRENT Similar opportunity in MASFIN - Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
NSE:TRENTLong
by AdityaKarn90
4
TRENT - Three candles Bullish Reversal (Morning Star)- SwingThis analysis is done purely on basis of price action and chart patterns Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target Logic as well as the strategy for the trade setup is explained in the image itself. Pls note that this is not a trade recommendation. Do your own study before entering into any trade. Trade with your own risk & money management. Feel Free to comment for any query or suggestions Check out other reversal patterns in following ideas - (1) HDFC - Mother-Baby (Bullish-Harami) Pattern (2) VINATI ORGANICS - Morning Star Reversal Pattern.
NSE:TRENTLong
by AdityaKarn90
1