Go Buy EntryPrice is in Channel Support Line, Go Buy After One Bullish Candle Print
Target - 700
SL - Below 560 (Closing Basis)
TRENT trade ideas
TRENT Bull Channel Third Push UpEntry - Around 600, near the trend line
1st Target - 695.25 ( A bit lower than the previous swing high)
2nd Target - 795.05 ( Top of the channel and also a previous strong resistance)
Rationale - TRENT has been moving in a parallel bull channel with bull candle volume outweighing the bear candle volume. The 61.8% retracement level was also breached indicating strong bullish pressure for the 3rd push in the channel.
TRENT BULLISHTrent Ltd looks bullish on weekly chart.
Entry after it crosses 705
Target around 722 (indicated by horizontal line)
Basis:-
Price above Fibonacci resistance
Big green candle
Volume more than 20 MA
RSI near 60 (more than 50)
Simple analysis
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