Will Trent shares rebound after Q1 update triggers 13% crash? Here's what technical charts indicate

Trent shares crashed 13% after its Q1 update, despite reporting a 19% rise in revenue to Rs 5,666 crore. The stock has fallen roughly 50% from its 2024 peak near Rs 6,000 to about Rs 2,967, slipping below its 20-day EMA with RSI turning bearish. Technical analysts are divided, with key resistance at Rs 3,120-3,130 and support at Rs 2,780-2,850, while some see the correction as a healthy consolidation and a buying opportunity.