TRENT LTD
Open—3435--High---3567.40---Low—3400.20--Close---3550.60 on 2.4.2026.
All-Time High:-8345 made on 14.10.2024.
All-Time Low:-5.43 made in 2001.
The overall technical setup is very weak and it is already into bear market territory as it is below its threshold point of 6676, so it is likely to go down further in the coming days. But it has got strong support in the range of 3275---3225---2995 and as long as it holds this range on the closing basis chances of up-move will be alive and can extend the up-move for a while. However it is on a weak technical footing , therefore further fall is still very much on the card and may break this range in the coming days, so be alert and cautious. Moving down its important support range could be as follows:-
1. 3275---3225---2995 --break & sustained close below 3225 & 2995 may witness an accelerated fall and can
drag it down to 1950—1650 range or lower.
2. 2593---2453---break
& sustained close below these points can drag it down to 1155 & 980
levels or lower- so it is a strong support point.
3. 1195---1000—worst price range as of now.
Similarly the following points are termed as make or break
bottom and are supposed to be a strong support or resistance points:-
1. 6676--IT IS BELOW BEAR
MARKET THRESHOLD POINT NOW.
2. 4955.65-------IT IS
BELOW IT NOW.
3. 4196-----------IT IS
BELOW IT NOW.
4. 3750.25-------IT IS
BELOW IT NOW.
5. 2955. VERY CRITICAL SUPPORT POINT.
6. 1945.
7. 1657.45.
8. 1155.
9. 982.85.
It is suggested to buy in a staggered manner only once it gives visible indication that the fall is arrested or downside may be limited and if it holds any of the support points or range as mentioned above for some time then start buying with a strict stop losses. Please note that 2955 is a very critical support point and break & sustained close below it may witness an accelerated fall and as of now the overall technical setup indicates that if it remains below 4033 then it is likely to break this point in coming days, so watch out but as now it seem that it has taken pause from fall at this point of time. But it is suggested not to hurry for buying because overall market condition is very fluid and sentiments are at the lowest at this point of time.
It is important to mention
here that you can get good companies stock cheaper only when the technical
parameters are weak, therefore for investor those who are slight risk taker and
have patience and can hold the stock for 3-5 years time period should only buy in
a staggered manner with the help of above observation for good or handsome
return. Similarly for the risk-averse investor one should only buy when it
gives distinct indication of bottoming out and consistently start moving up,
but in this case one will get the stock at a higher price.
REMARKS;-In view of the above observation for long term investors one
should structure their buying as suggested above.
FOR SHORT TERM TRADERS
OR INVESTORS.
S.N BUYING RANGE OR POINT
STOP—LOSS
REMARKS
1. 3275---3225
3150 FOR AGGRESSIVE TRADER/INVESTOR.
2. Near-- 2995 2930 FOR SLIGHTLY SAFE TRADER/INVESTOR.
3. IF SUSTAINS ABOVE- 3518 3450 FOR AGGRESSIVE TRADER.
FOR LONG
TERM INVESTORS
Initiate
token buying near 2995 and then if it breaks it then add on near 2593, 2400, 1990,
1700 in a staggered manner and buy only half of the targeted quantity and buy
rest of the quantity only once it moves above 1961 again and sustain on the
closing basis for some time then with a stop loss of 1900.
IMPORTANT: DO NOT TRADE OR
INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment of the stock as of now, the
technical interpretation changes with the price movement and time, therefore it
has to be reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:- I am not a SEBI registered technical
analyst. The view expressed here are solely of the author and purely for the
academic and educational purpose. This is in no way a trading or investment
advice.
Kindly note that make your cost your stop loss
in favorable trade and then trail it as the price move up/down
to gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT
STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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