Trent : Buy or Sell - Technical Analysis

Trent Limited is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has reacted back after a break of the head and shoulders formation. There is resistance around 1379, which now opens good sales opportunities.

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A decisive break of this resistance will neutralize the negative signal. The stock has received a negative signal from the moving average indicator, thus signaling a continued fall. The stock has broken up through resistance at rupee 1330. This predicts a further rise. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. The stock is overall assessed as technically positive for the medium long term.