TRENT - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a detailed technical analysis of Trent Ltd (TRENT)

📉 Trend Overview

Current Price: ₹5,002 is below both the 50 DMA (₹5,499) and 200 DMA (₹5,608), indicating a bearish trend.

RSI (28.1): Deep in oversold territory, suggesting potential for a short-term bounce.

MACD (-174): Strongly negative, confirming downward momentum.

Volume: Slightly above 1-week average, indicating mild accumulation.

📌 Conclusion: The stock is in a downtrend, with signs of possible short-term reversal from oversold levels.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely hugging the lower band, signaling oversold conditions and potential mean reversion.

Candlestick Patterns: Recent formations suggest selling exhaustion, but no confirmed reversal yet.

ADX (32.4): Indicates a strong trend, currently bearish

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🔍 Support & Resistance Zones

Level Price (₹) Strength

Support 1 4,488 Strong (52W low)

Support 2 4,840–4,910 Moderate (pivot zone)

Resistance 1 5,034–5,120 Moderate (daily pivot)

Resistance 2 5,499 Strong (DMA 50)

Resistance 3 5,608 Major (DMA 200)

🎯 Entry & Exit Zones

Optimal Entry: ₹4,500–₹4,600 (near 52W low and oversold RSI)

Exit Zone: ₹5,120–₹5,600 (approaching resistance and moving averages)

⚡ Momentum Signals

Short-Term: Weak momentum, but RSI suggests reversal potential.

Medium-Term: Bearish bias unless price reclaims ₹5,499 (DMA 50).

Volume Trend: Slight uptick, hinting at bottom fishing.

🧭 Summary

TRENT is currently trending down, with technical indicators pointing to oversold conditions. While momentum remains weak, a bounce from support is plausible. Traders may consider accumulating near ₹4,500 with a stop-loss below ₹4,400 and targeting exits near ₹5,500–₹5,600.

Want me to overlay this with sector trends or simulate a risk-reward profile for this setup?

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