TRENT LTDלונג
Trent preparing for his super performance in upcoming contract
One of my favourite bullish patterns - Hidden Bullish Divergence 📈
I am studying Trent for August Futures series if it holds the support for this whole week
Final stoploss would be - 5100 WCLB
Price Movement: Trent Ltd. has shown a positive movement with the stock closing at 5,263.80, up by 53.60 (+1.03%) from its previous close. The stock reached a high of 5,310.25 and a low of 4,955.65 during the day.
Volume: The volume for the day was 763.626K, with an average volume of 598.147K, indicating higher trading activity compared to the average.
Moving Averages:
20-day EMA: 5,391.74
50-day EMA: 5,111.77
The stock is trading below its 20-day EMA but above its 50-day EMA. This suggests that while there has been a recent dip, the longer-term trend remains positive.
Support and Resistance Levels:
Immediate Support: 5,112.29 (close to the 50-day EMA)
Immediate Resistance: 5,391.78 (close to the 20-day EMA)
Chart Patterns: The stock has shown a consistent uptrend over the past few months, with occasional corrections. The recent pullback towards the 50-day EMA could be a healthy correction, providing a potential buying opportunity if the stock bounces back from the support level.
Summary
Current Trend: Uptrend with recent correction.
Key Levels: Watch for a bounce back from the 50-day EMA around 5,112.29, and resistance around the 20-day EMA at 5,391.78.
Indicators to Monitor: RSI and MACD for buy/sell signals.
Disclaimer: This analysis is not financial advice and is provided for educational purposes only. Please consult with a financial advisor before making any investment decisions.
I am studying Trent for August Futures series if it holds the support for this whole week
Final stoploss would be - 5100 WCLB
Price Movement: Trent Ltd. has shown a positive movement with the stock closing at 5,263.80, up by 53.60 (+1.03%) from its previous close. The stock reached a high of 5,310.25 and a low of 4,955.65 during the day.
Volume: The volume for the day was 763.626K, with an average volume of 598.147K, indicating higher trading activity compared to the average.
Moving Averages:
20-day EMA: 5,391.74
50-day EMA: 5,111.77
The stock is trading below its 20-day EMA but above its 50-day EMA. This suggests that while there has been a recent dip, the longer-term trend remains positive.
Support and Resistance Levels:
Immediate Support: 5,112.29 (close to the 50-day EMA)
Immediate Resistance: 5,391.78 (close to the 20-day EMA)
Chart Patterns: The stock has shown a consistent uptrend over the past few months, with occasional corrections. The recent pullback towards the 50-day EMA could be a healthy correction, providing a potential buying opportunity if the stock bounces back from the support level.
Summary
Current Trend: Uptrend with recent correction.
Key Levels: Watch for a bounce back from the 50-day EMA around 5,112.29, and resistance around the 20-day EMA at 5,391.78.
Indicators to Monitor: RSI and MACD for buy/sell signals.
Disclaimer: This analysis is not financial advice and is provided for educational purposes only. Please consult with a financial advisor before making any investment decisions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.