Analysis on

TRENT

At 9:19 AM today,

surged over 2% to ₹5,444.95, extending its winning streak for the third consecutive session. This rally follows Westside’s expansion to 244 stores, with the latest openings in Jaipur (31,641 sq ft), Jodhpur (25,602 sq ft), and Chennai (26,000 sq ft). The company’s store portfolio has grown from 238 outlets at the end of Q3 FY24, reflecting its aggressive expansion strategy. In Q3, Trent added 14 Westside stores and 62 Zudio outlets, including its first international Zudio store in Dubai, taking Zudio’s total count to 635 stores across 46 cities. Westside’s fast-fashion model, with new collections every three weeks, reinforces brand strength and consumer engagement. From a technical perspective, Trent Ltd. is showing early signs of a reversal after a significant downtrend. The stock recently bounced off a strong support level at ₹4,729 and is currently testing a key resistance zone at ₹5,330–₹5,370. The 9-day moving average (MA) has crossed above the price, indicating early bullish momentum, but the 70-day and 100-day moving averages remain above, acting as resistance. The Relative Strength Index (RSI) is at 57.10 on the daily chart, signaling potential for further upside but approaching a critical level. On the weekly chart, Trent is attempting to reclaim the 9-week exponential moving average (EMA) while testing the ₹5,300 level, which aligns with 70-week EMA resistance. If Trent Ltd. sustains above ₹5,370, the next potential targets are ₹5,780–₹6,200. However, failure to hold at this level could lead to a retest of ₹4,729. Volume confirmation will be crucial for a breakout—strong buying interest may drive further upside, while rejection at resistance could lead to profit booking. I have the attached the daily chart of for your reference. Follow me for more such updates, Thank You!