TRENT

Breaks Key Support – Further Downside Towards ₹4850 Likely

After a sharp fall, the stock price of

started consolidating between the range of ₹5516 (resistance) and ₹5280 (support). From 7th July to 23rd July 2025, the stock was moving sideways within this range, forming a consolidation pattern. However, on 24th July, the stock gave a decisive breakdown by closing below the important support level of ₹5280, and fell sharply by 3.83%. This breakdown signaled weakness and increased the chances of further decline. On the very next day, 25th July, the stock continued its fall, dropping another 2.15%. With this breakdown and continuous weakness, the stock may now move further down towards the next possible support level near ₹4850. In short, the price action suggests that the stock has broken out of its sideways range on the downside, and the trend now looks negative in the short term.