TRENT is moving in a strong up trend. And has more potential for that. It has consolidated in the last few sessions. So further up moves can come shortly.
RSI is looking strong and it is above 60.
On 1 Hr time frame, price taken support near 55 EMA.
On 1 Hr time frame, price is forming ascending triangle, and the today's closing price is at the upper level of that range.
So stock is likely to give breakout.
Still, trading has risk at every point. So plan your risk first.
Decide your SL, ENTRY & QUANTITY first. Then decide your targets.
Keep Learning
Follow the process
Keep your capital safe.
Note:- This is a post for learning purpose and not a recommendation. Please make your trades at your own risk.
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