Head & Shoulder pattern breakout in TRENT TRENT LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2170+.
✅Can Go Long in this stock by placing a stop loss below 2065-.
TRENT trade ideas
TRENTHello & welcome to this study on daily time frame
As per Ichimoku it is seeing a rejection near a cloud with future kumo still bearish. It could now do a pullback till 1250 (with interim support near 1290) as long as it remains below 1340.
From the daily base line support (expected retracement level from here) a fresh rally could take place for 1450 (provided 1250 holds)
Immediate short term bearish
Medium term bullish
trentAsanongoinginitiativetoemphasizecontemporarylook&feelandimproveconsistencyofbrandexperienceacrossthestore portfolio,Westsidehasacceleratedthestoremodernizationprogram.Thismodernizationplanwouldcontinueforolderstoresin aphasedmanner. •Itadoptsanentirelyintegratedmodelbetweenitsstoresandonlinechannelswithalmost100%oftheordersbeingserviced directlyfromstores,itlooksforwardtogrowthischannelsignificantlyintheyearsaheadandleveragingtheTataNeusuperapp whichwouldallowWestsideaccesstoaverylargeanddiverseaudience. •Zudiocontinuestoshowhugepotentialinvaluefashionretailwithacceleratedstoreadditionsplannedforthecomingyears, drivingupscalabilityandgrowth. •Starquik-theonlinegroceryportaliscontinuingtowitnessencouragingcustomertractioninthemicro-marketsaddressedwith revenueshavingdoubledoverthepreviousyear.Thebusinessisintegratedforsourcingfromthestorenetwork,bringingomnichannelconvenienceforthecustomer. •BILhasbeenrealigningthestoreportfolio,refrainingfromdeeplydiscounted/negativegrossmargintrade(onthebackofcertain wholesaleonlineplatforms)andpivotingtowardsanownbrandedrangeinmultiplecategories.Overtime,thereisapossibilityof leveragingthisoperationforscalefromadistributionstandpointforitsownbrandedrange(eg.Fabsta,KliaandSkye).Theyare alsointheprocessofintegratingoperationsinthefood&groceryspacetorealiseefficienciesandtooptimisepresence.