Technical Analysis of TRENT and SHRIRAMFIN

Stock name: Trent Ltd.

Pattern: Double top pattern

Time frame: Weekly

Observation:

The stock has been in an overall uptrend but formed a double top pattern on its weekly chart between August 2024 and January 2025. In mid-January 2025, it broke down from the pattern and continued to decline in the next weekly candle. Based on technical analysis, the stock may witness further downside movement. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Shriram Finance Ltd.

Pattern: Head and shoulders pattern

Time frame: Weekly

Observation:

The stock has been in an uptrend since May 2022 but formed a head and shoulders pattern on its weekly chart between June 2024 and January 2025. In early January 2025, it experienced significant downward movement, breaking down from the pattern and continuing to decline. According to technical analysis, if the stock gains stronger momentum, it may move further downside. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action. 

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.