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Buy and hold Redington for 2-3 months.
REDINGTON LTD
Long
Buy and hold Redington for 2-3 months.
By purnendrakumargupta
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Oct 16, 2021
1
Oct 16, 2021
Hold Redington for 2-3 months.
*Stock has taken a dip on the weekly time frame and now the dip is over as per the weekly chart.
*Stock is starting a new uptrend after consolidating for two months.
* Targets of 270 looks achievable in 2-3 months... or sell when weekly RSI reaches the level of 85.
*** Stock is undervalued with PE of 15 while the sector PE of 39.
Note - This is for education purposes only.
Bullish Patterns
Trend Analysis
purnendrakumargupta
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