Trent share price daily chart analysis
Trent share on last trading session closed at 1007 with gain. On daily chart, stock price trend and momentum both are bearish. On upside 1040 is major average level and below it stock may remain bearish and trend down. On downside, Trent share supports are 985 and then 930. These will be target zone for month for March April if stock continue to trade below 1040. Above 1040, next resistance levels will be at 1090 and 1145. Daily chart indicators are bottoming out so expect recovery and short covering ahead. Risky traders can go long near 985 with stop loss below 970 for target 1040 and above.
Trent share price weekly chart analysis
Trent share weekly chart showing flat gains for the week. Prices are at major support of 1000-rupee level. For stock 990-1000 is major level to watch on weekly closing basis. Above it trend will remain bullish. On upside 1200 and 1410 are medium term resistance and targets if trend remains intact. Any weekly closing below 990 means start of medium term downtrend. On downside, 800 and 620 are major support zones on weekly chart. Indicators pattern are mixed but traders above 990 keep long view for stock for medium terms.
Trent share price monthly chart analysis
Trent share in last 6 month has given 8-10% returns to investor’s inline with market. In Jan 2014, peaked its high of 35% and now remains with 10% gains in last 6 months. Investors above 900 rupee keep long view for Trent stock and expect 12-month target near 1300 rupee and 3 years target at 1685 rupee. On downside, 300 to 500 rupee was best buy level, which was last seen in 2009.
Trent company description
Trent Limited is engaged in the business of retailing. The Company’s operations consist of Westside stores, Star Bazaar and Landmark stores. The Westside stores include a private label fashion apparel format. During the fiscal year ended March 31, 2012 (fiscal 2012), 13 stores were opened, including the Bhopal (DB City Mall), Pune (Phoenix Market City), Mumbai (Infinity Mall), Varanasi (Dhanushree Complex ), New Delhi (Moments Mall), Mumbai (R-City Mall), Bilaspur (City Mall), Udaipur (Rkay Mall) and Bangalore (Orion Mall). The Star Bazaar is the discount hypermarket format. As of March 31, 2012, there were 15 operational stores (three in Mumbai (Andheri, Dahisar and Thane), four in Bangalore, two in Ahmedabad and Pune, one each in Aurangabad, Surat, Chennai and Kolhapur). The Landmark stores include the format retailing inter-alia books, music, toys and gaming, which are managed by a subsidiary of the Company, Landmark Limited.
Trent share fundamental ratios
|Range||985.60 – 1,007.75|
|52 week||888.50 – 1,340.90|