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Trentshort

TRENT: Short Trade ThrivesThe 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: 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! 📉
NSE:TRENTShort
by ProfitsNinja
TRENT Tumbles! Short Trade Hits First 2 Targets – More Downside?TRENT has exhibited strong bearish momentum since the short entry at 8161.30 on 15th October at 9:45 AM, successfully reaching Take Profit 1 (TP1) and Take Profit 2 (TP2). Key Levels Entry: 8161.30 – The short position was initiated as the price broke below this level, indicating a bearish trend. Stop-Loss (SL): 8253.15 – Placed above recent resistance to protect against a potential price reversal. Take Profit 1 (TP1): 8047.75 – The first target was reached, confirming the initial strength of the downtrend. Take Profit 2 (TP2): 7864.00 – Continued selling pressure led to this target being achieved. Take Profit 3 (TP3): 7680.30 – The next target in sight if the bearish trend persists. Take Profit 4 (TP4): 7566.75 – The ultimate target, suggesting a significant downward move. Trend Analysis The price is trading below the Risological Dotted trendline, indicating a strong bearish trend. The sustained downward movement suggests further downside potential, with TP3 likely to be reached if the current momentum holds. The short trade on TRENT is performing well, with TP1 and TP2 already achieved. With bearish momentum intact, the next targets at 7680.30 and 7566.75 could be within reach.
NSE:TRENTShort
by ProfitsNinja
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