Trent – Technical Analysis, Support and Resistance

The stock

is showing a weak short-term trend on the daily chart. After making a strong rally toward the ₹3350–3400 zone in July the stock reversed and has been forming lower highs and lower lows. The recent price action shows continued selling pressure, with price now around ₹2620–2630. Current market data also shows the stock trading below its key short-term moving averages, while RSI is in the oversold zone. Support & Resistance: Immediate support is around ₹2580–2600. If this zone fails on a closing basis the next important support can come near ₹2500–2520 followed by ₹2400–2450. On the upside, ₹2700–2750 is the first resistance zone, followed by ₹2800–2850. A sustained move above ₹2850 would be important for improving the short-term structure. Short-Term Buyers & Holders View: For short-term buyers, it is important to monitor whether ₹2580–2600 holds and price starts forming a higher low. A sustained breakout above ₹2750–2800 with strong volume can indicate improving momentum. If price breaks and sustains below ₹2580 the existing bearish structure can remain active and lower support levels may come into focus.