sreejithgalvaxeline7

TRENT BUY AT 750. TARGET 825. SL 690. HOLD FOR 3 MONTHS

Short
NSE:TRENT   TRENT LTD
# The sharp trended decline in TRENT seems to have completed, as the stock price has bounced up from the lower support of 700 levels in this week.
# We observe a formation of bullish hammer type weekly candle pattern in last week and upside bounce in this week which signal bottom reversal in the stock price around
700.
# We also observe a larger degree positive sequence like higher tops and bottoms over the last few months. The recent swing low of 689-12th April could be considered as a
new higher bottom of the sequence.
# Weekly 14 period RSI shows positive indication. Hence, one may expect further strengthening of upside momentum in the stock price ahead.
# The overall chart pattern of TRENT indicate long trading opportunity. One may look to create a positional long as per the levels mentioned above.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.