📈 Trent Ltd – Rounding Bottom Breakout Confirmed
📊 CMP: ₹3,003
🛑 Stop Loss: ₹2,600
🎯 Targets: ₹3,233 | ₹3,686
Trent has formed a rounding bottom pattern, indicating a potential long-term trend reversal. After completing the base formation, the stock entered a box consolidation phase, which helped absorb supply and build a stronger foundation.
A decisive breakout from this consolidation zone, supported by healthy volumes, suggests renewed buying interest and strengthens the bullish outlook. The combination of a rounding bottom followed by consolidation often acts as a powerful continuation setup.
📌 Trading Strategy:
Consider controlled position sizing to manage risk effectively.
Maintain a strict stop loss at ₹2,600.
Partial profit booking can be considered near ₹3,233, while a sustained move above this level may open the path towards ₹3,686.
Monitor volume expansion and price action for confirmation of breakout strength.
⚠️ This is a technical setup-based view and not investment advice. Always manage risk according to your trading plan.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views—just sharing my analysis for educational and informational purposes.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
📊 CMP: ₹3,003
🛑 Stop Loss: ₹2,600
🎯 Targets: ₹3,233 | ₹3,686
Trent has formed a rounding bottom pattern, indicating a potential long-term trend reversal. After completing the base formation, the stock entered a box consolidation phase, which helped absorb supply and build a stronger foundation.
A decisive breakout from this consolidation zone, supported by healthy volumes, suggests renewed buying interest and strengthens the bullish outlook. The combination of a rounding bottom followed by consolidation often acts as a powerful continuation setup.
📌 Trading Strategy:
Consider controlled position sizing to manage risk effectively.
Maintain a strict stop loss at ₹2,600.
Partial profit booking can be considered near ₹3,233, while a sustained move above this level may open the path towards ₹3,686.
Monitor volume expansion and price action for confirmation of breakout strength.
⚠️ This is a technical setup-based view and not investment advice. Always manage risk according to your trading plan.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views—just sharing my analysis for educational and informational purposes.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.