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.
