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purnendrakumargupta
Oct 16, 2021 7:12 AM

Buy and hold Redington for 2-3 months. Long

REDINGTON LTDNSE

Description

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.

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