TradingView
AMIT-RAJAN
Dec 6, 2022 5:17 PM

ALL TIME HIGH BREAKOUT Long

REDINGTON LTDNSE

Description

Here on weekly chart Redington gives a beautiful all time high Breakout and sustained above strongly on the basis of weekly closing above on that resistance trendline on coming Friday we can consider as a fresh entry in this stock, what I observed by the previous trend after breakout of all time high in this counter that it gives almost 60% runup after when that breakout happened so if I say it right now that it could give a potential 50% runup again from here then this thing is like redundant but as we all know as a trader and investor that this is even possible many of stocks in past do this very well in very less timeframe so keeping all these things in mind I am considering it's target 300 levels from here.. Happy trading and investing with trading view.

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Good Luck

Comment

GAINING GOOD
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