20% upside potential Redington

Manabala Updated   
The stock is currently below its 200-day moving average (MA).

It is exhibiting a consistent trading pattern within a range of 160 to 190, constituting a 20% range. At the lower levels of 150, a W pattern is beginning to take shape.

From a fundamental perspective, the company is reporting its highest-ever figures in terms of revenue and profits. Stock declined due to resignation of a senior management person.

Target can be 190.
Trade closed: target reached:
Target achieved.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.