rbasker

Redington - Forming a High Tight Flag Pattern

Long
NSE:REDINGTON   REDINGTON LTD
Redington stock is forming a High Tight Flag pattern . Going long in this pattern can offer excellent Risk Reward.

A word of caution: Redington has announced 1:1 bonus issue (Record Date : 20/08/2021, Ex-Date : 18/08/2021). So if you are buying the stock, you need to factor in the effects of this Corporate Action.
Disclaimer

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.