TRENT LTDДлинная
Trent Ltd – Breakout in Progress
📊 Analysis:
Trent Ltd is trading near its resistance zone around ₹7,020, forming a rising wedge pattern, which indicates sustained bullish momentum. The stock is supported by the 21-EMA and 50-EMA, confirming strength in the trend. A breakout above ₹7,020 could trigger further upside.
📈 Trading Plan:
Entry: Buy above ₹7,030 (on breakout confirmation with volume).
Target 1: ₹7,600
Target 2: ₹7,870
Stop-Loss: ₹6,810 (below recent swing low to limit risk).
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note:
Watch for volume confirmation during the breakout to avoid false signals. Stay cautious if the stock closes below ₹6,810, as it may invalidate the setup.
Trent Ltd is trading near its resistance zone around ₹7,020, forming a rising wedge pattern, which indicates sustained bullish momentum. The stock is supported by the 21-EMA and 50-EMA, confirming strength in the trend. A breakout above ₹7,020 could trigger further upside.
📈 Trading Plan:
Entry: Buy above ₹7,030 (on breakout confirmation with volume).
Target 1: ₹7,600
Target 2: ₹7,870
Stop-Loss: ₹6,810 (below recent swing low to limit risk).
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note:
Watch for volume confirmation during the breakout to avoid false signals. Stay cautious if the stock closes below ₹6,810, as it may invalidate the setup.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.