TRENT (NSE) | 1H | Positional Trade Setup (4–5 Days)Trent LimitedNSE:TRENTyashasvinamdevTrend: Bullish structure with a healthy pullback TRENT has shown a strong upside move from the ₹4,176 zone and formed a recent swing high near ₹4,338. After this rally, price has entered a healthy Fibonacci retracement phase and is currently consolidating near the 38.2% retracement level (~₹4,276). The presence of small-bodied candles near this support zone indicates weak selling pressure and suggests potential accumulation by buyers. The presence of small-bodied candles near this support zone indicates weak selling pressure and suggests potential accumulation by buyers. Key Fibonacci Levels 38.2%: ₹4,276 – Immediate support / decision zone 50%: ₹4,257 – Strong demand area 61.8%: ₹4,238 – Major support (trend invalidation below this) As long as price sustains above ₹4,224–₹4,238, the overall bullish structure remains intact. Trade Plan (Positional: 4–5 Sessions) Buy Zone: ₹4,270 – ₹4,285 (on bullish reaction near 38.2%) Conservative entry: ₹4,245 – ₹4,260 (50% retracement zone) Stop Loss: ₹4,224 (1-hour closing basis) Targets: Target 1: ₹4,338 (Previous swing high) Target 2: ₹4,369 Target 3: ₹4,406 (extended target if momentum continues) Risk–Reward Approx. 1 : 1.3 to 1 : 1.5, suitable for a positional setup. Conclusion TRENT is currently in a consolidation phase after a strong rally. The pullback appears healthy, and a bounce from the highlighted support zone could trigger the next upside move. The setup will be invalidated only if price gives a decisive close below ₹4,224. 📌 For educational purposes only. Manage risk accordingly. I am not SEBI Registered.