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.
Trade active
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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
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Trade Closed. Has a higher potential. Can continue with the a trailing stop loss.