Dmart, Trent, CESC, Adani Energy Solutions were among share that are looking bullish on technical charts. Indian markets were trading positive today despite weakness in US markets yesterday. Nasdaq was down by more than 2 percent due to sell-off in technology stocks. Trent has been upgraded by brokerage house Macquarie in its latest research note. TopNews Team has reviewed technical charts for these stocks for traders and short term investors.

Macquarie Initiates Coverage on Trent Ltd. with ‘Outperform’ Rating and Rs. 7,000 Price Target

Global brokerage Macquarie has initiated coverage on Trent Ltd., a key player in the Tata Group's retail portfolio, assigning it an ‘outperform’ rating based on strong growth potential in India’s fashion retail space.

The brokerage has set a target price of Rs. 7,000 per share, implying a potential upside of approximately 32% from the stock’s last closing price.

Macquarie highlighted that Trent outpaces its industry peers across several performance metrics, including revenue growth, return ratios, and inventory turnover. The firm is being viewed as a top-tier beneficiary of India’s rising discretionary spending, particularly within the fashion and apparel segment. According to Macquarie, Trent’s operational model reflects some of the best retail metrics in Asia.

In a recent update, Trent announced the opening of three new Westside stores in Jodhpur, Jaipur, and Chennai, bringing the total number of outlets under the brand to 244 across the country.

The company’s ability to scale efficiently is supported by its integrated supply chain, which enables quicker fashion rollouts and faster inventory refresh cycles. The continued expansion of its retail footprint—particularly through the franchise model—is expected to enhance profitability and improve capital efficiency over time.

Technical Levels for Traders

Avenue Supermarts (DMART)
Current trading range is between Rs 3932.45 and Rs 4030.0.
52-week range spans from Rs 3340.0 to Rs 5484.85, indicating potential swing opportunities.
Opening price stood at Rs 3940.0 reflecting market sentiment at the start of the session.

Trent
Current trading range is between Rs 5341.0 and Rs 5444.95.
52-week range spans from Rs 3843.0 to Rs 8345.0, indicating potential swing opportunities.
Opening price stood at Rs 5359.0 reflecting market sentiment at the start of the session.

CESC
Current trading range is between Rs 147.8 and Rs 153.66.
52-week range spans from Rs 118.3 to Rs 212.49, indicating potential swing opportunities.
Opening price stood at Rs 149.0 reflecting market sentiment at the start of the session.

Adani Energy Solutions
Current trading range is between Rs 796.05 and Rs 823.8.
52-week range spans from Rs 588.0 to Rs 1348.0, indicating potential swing opportunities.
Opening price stood at Rs 803.0 reflecting market sentiment at the start of the session.