Trent Ltd: Breakout or Fakeout?Trent Ltd: Breakout or Fakeout? Someone’s positioning — the question is which side.
Trent Ltd remains one of the more resilient players in India’s retail landscape. While broader consumer sentiment remains mixed, the company continues expanding its footprint, especially through its Westside stores and fashion vertical. Recent earnings have been stable, and institutional interest appears to be creeping back in — confirmed by a steady rise in volume.
Technically, we’re at a decision point. Price is testing a major descending trendline drawn from the all-time highs. So far, no breakout — but signs of accumulation are building. All major EMAs (50/100/200) are below the price, putting buyers firmly in control. Volume is rising on bullish candles, with no signs of distribution. RSI is holding above 50, climbing steadily, and showing a healthy impulse without overheating — plenty of room left for upside.
The key setup: wait for a confirmed breakout above the trendline, then a retest, and only after that consider entering. Targets, based on Fibonacci levels, line up cleanly:
tp1: 6337.60 (0.618)
tp2: 7484.65 (1.0)
tp3: 8301.40 (1.272)
Until then — this is a watching game, not a trading one. Momentum is building, the structure is clean — but confirmation is king.
