TRENT has a pennant pattern for an upward momentum upto 10%
TRENT has been seen on a pennant chart pattern and is on the verge of a good breakout on daily TF after almost a consolidation of almost 2 months.
The company has increased institutional investing, a good 50% and above increase in sales QoQ growth for the last 3 quarters and EPS growth of 40% to 100% in the last quarter.
Good for swing traders. Can hold for about 10-15 days.
Entry - INR 4080 (Kept in WL, will wait for breakout with good volume.)
SL - (Swing Low) - 5%
TSL - According to your risk profile post 10%
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
The company has increased institutional investing, a good 50% and above increase in sales QoQ growth for the last 3 quarters and EPS growth of 40% to 100% in the last quarter.
Good for swing traders. Can hold for about 10-15 days.
Entry - INR 4080 (Kept in WL, will wait for breakout with good volume.)
SL - (Swing Low) - 5%
TSL - According to your risk profile post 10%
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
Trade active
Trade Initiated on breakout - Good Volume on daily time frame. SL is 5% (comfortable cushion - more that the ADR% of the last 20 days)
Trade closed: target reached
Trade Closed. Has a higher potential. Can continue with the a trailing stop loss.
Disclaimer
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