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TRENT LTD

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TRENT trade ideas

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
1
Trent intraday overview not created as discussedIn my yesterdays post I shared my bullish overview in TRENT because it was performing well as compared to Nifty 50. Yesterday one condition was if price test yesterday high and hold at resistance level then upmove will be expected in TRENT. But today price tested yesterday high but not holded at resistance level and created a good retracement. Till 10am to 10:30am price was at yesterday high and created a retracement of 3 red candles with very low volume, So from here i was looking to enter in the trade but ther candle of 11:15 was not shown any strength and was indecisive (i was expecting healthy green candle with volume). next candle breaked its low with volume confirmed me that today price is not going to test resistance today, so i decided not to trade in TRENT.
NSE:TRENTLong
by jain_abhishek
TRENT Intraday Position Update (15m Time Frame)TRENT Intraday Position Update (15m Time Frame) We secured a solid entry at 7535.35 after the price crossed over the Risological dotted trendline. The price has successfully reached Target 1 (7698.10) and Target 2 (7961.45), maintaining strong momentum to hit the remaining targets. Target Points: TP 3: 8224.80 TP 4: 8387.55 Stop Loss (SL): 7403.65 The trend remains bullish, and we'll continue to monitor the position closely.
NSE:TRENTLong
by ProfitsNinja
TRENT S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:TRENT
by zenthosh
Trent preparing for his super performance in upcoming contractOne of my favourite bullish patterns - Hidden Bullish Divergence 📈 I am studying Trent for August Futures series if it holds the support for this whole week Final stoploss would be - 5100 WCLB Price Movement: Trent Ltd. has shown a positive movement with the stock closing at 5,263.80, up by 53.60 (+1.03%) from its previous close. The stock reached a high of 5,310.25 and a low of 4,955.65 during the day. Volume: The volume for the day was 763.626K, with an average volume of 598.147K, indicating higher trading activity compared to the average. Moving Averages: 20-day EMA: 5,391.74 50-day EMA: 5,111.77 The stock is trading below its 20-day EMA but above its 50-day EMA. This suggests that while there has been a recent dip, the longer-term trend remains positive. Support and Resistance Levels: Immediate Support: 5,112.29 (close to the 50-day EMA) Immediate Resistance: 5,391.78 (close to the 20-day EMA) Chart Patterns: The stock has shown a consistent uptrend over the past few months, with occasional corrections. The recent pullback towards the 50-day EMA could be a healthy correction, providing a potential buying opportunity if the stock bounces back from the support level. Summary Current Trend: Uptrend with recent correction. Key Levels: Watch for a bounce back from the 50-day EMA around 5,112.29, and resistance around the 20-day EMA at 5,391.78. Indicators to Monitor: RSI and MACD for buy/sell signals. Disclaimer: This analysis is not financial advice and is provided for educational purposes only. Please consult with a financial advisor before making any investment decisions.
NSE:TRENTLong
by Trendxinc
1
Cup N Handle BreakoutTrent is breaking out of the cup and handle pattern after a four weeks of consolidation. As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. Entry: 4700 Stoploss: 4600 Targets: 5000 / 5050.
NSE:TRENTLong
by Shorabh_Jain
TRENT has a pennant pattern for an upward momentum upto 10%TRENT has been seen on a pennant chart pattern and is on the verge of a good breakout on daily TF after almost a consolidation of almost 2 months. The company has increased institutional investing, a good 50% and above increase in sales QoQ growth for the last 3 quarters and EPS growth of 40% to 100% in the last quarter. Good for swing traders. Can hold for about 10-15 days. Entry - INR 4080 (Kept in WL, will wait for breakout with good volume.) SL - (Swing Low) - 5% TSL - According to your risk profile post 10% Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:TRENTLong
by Rokdevildivine
Keep An Eye - Consolidation Breakout - TRENT 📊 Script: TRENT 📊 Sector: Retail 📊 Industry: Trading Key highlights: 💡⚡ 📈 Script is giving breakout of Consolidation Zone we may see good rally till 4243. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 4158 🟢 Target 🎯🏆 - 4243 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TRENTLong
by radha_23
1
"Eyeing Trent stock 📈: Set your sights with a stop loss at 3900Investors eyeing Trent stock may consider a strategic approach with a stop-loss set at 3900 and a target price of 4300. This approach aims to manage risk by limiting potential losses while targeting a specific price level for profit-taking. The stop-loss serves as a safety net, protecting against adverse market movements, while the target price provides a clear objective for capitalizing on the stock's upward momentum.
NSE:TRENTLong
by Shivam_Bhanot