raavigeorgian

Redington 4yr Rounding bottom / 2.5mth VCP

Long
NSE:REDINGTON   REDINGTON INDIA LTD
Good results, may breakout anytime soon.
Moving along with sector.

SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)


BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.

SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.

Note: I reserve the right to be wrong.
For educational purposes only.


Comments

This was amazing!
+1 Reply
raavigeorgian ikapilmittal
@ikapilmittal, Thanks to @monkmaxims that he pointed out the stock and its earnings.
Reply
ikapilmittal raavigeorgian
@raavigeorgian, Your ability to identify VCP is amazing!
+1 Reply
Great chart as usual man ! hoping for the best here. results will be out tomorrow. will post as soon as we get it..cheers !
+1 Reply
Redington announces 50% increase in PAT and 60% increase in EPS QoQ ! Revenues declined by 8.6% QoQ. Declared dividend of Rs. 11.6 per share !

Compared to Q4FY20 though, they have improved on all counts ! Revenues up by 11% and PAT 47 % ! in FY21 their total Free cash flow is mind blowing Rs. 3360 cr !!!
Reply
monkmaxims monkmaxims
Sorry one correction..pls read this below

Redington announces 50% increase in PAT and 60% increase in EPS QoQ ! Revenues declined by 8.6% QoQ. Declared dividend of Rs. 11.6 per share !

Compared to Q4FY20, their revenues have increased 15% and PAT has increased 85% !!! Terrific performance !

Compared to full fiscal FY20, they have improved on all counts ! Revenues up by 11% and PAT 47 % ! In, FY21 their total Free cash flow is mind blowing Rs. 3360 cr !!! whats also crazy is their Operating cash flow has tripled since last fiscal !!
+1 Reply
raavigeorgian monkmaxims
@monkmaxims, Thanks man!
Reply
raavigeorgian monkmaxims
@monkmaxims, Up 20%. Great call man!!
Reply
monkmaxims raavigeorgian
@raavigeorgian, yesterday this company's market cap was 7129cr and P/E of 9.3.
Post 4q results we can see it has 3400cr just in cash besides 756cr yearly profit !! I am going to hold it for long term. valuation wise my guess is its price would get to Rs. 350 atleast or double where it was yesterday !
+1 Reply
monkmaxims raavigeorgian
@raavigeorgian, you are an absolute GEM ! so willing to share your knowledge readily. you helped me in my conviction with your sharp perspectives on technicals about which i know nothing ! Thank you very much.
+1 Reply
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