Redington in Blue Sky With Vol Post Q3NSE:REDINGTON is now in blue sky with Vol. Post Q3. With RSI and MACD Trending Up.
About:
NSE:REDINGTON is a leading IT and mobility product distributor and a supply chain management solutions and support services provider in India, the Middle East, Turkey and Africa.
Trade Setup:
As it's in the blue sky, there is no target just wait for pullbacks and buy on dips keeping the mentioned Supports as Stop Loss.
Target(Take Profit):
Depends on your entry just keep 1:1 at least.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing Lows for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
REDINGTON
Redington cmp 245.26 by Weekly Chart viewAdd the stock to your watchlist for New ATH levels creation on the way
Redington cmp 245.26 by Weekly Chart view
- Volumes have burst out exponentially over last few weeks
- All Major Technical Indicators EMA, MACD, RSI trending very positively
- Weekly Support at 216 > 183 > 152 and Resistance ATH 248 and every New ATH
- Stock Price traversing within the Rising Price Channel and has hit ATH 248 last week
- Also Multiple Bullish Rounding Bottoms formed by considerate VCP Pattern too can be seen
Redington Bounced from a Long Term Base With MACD +veNSE:REDINGTON today confirmed a Strong Base Formation after closing above major Levels RSI Showing Bullish Momentum and MACD turned Positive Today With Good Volumes.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
234.25 Levels for Positional Trader.
Stop-Loss:
Around 198.58 For Swing Trade and Recent Base for Positional Trader.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Redington cmp 223.50 by Weekly Chart viewRedington cmp 223.50 by Weekly Chart view
- Support Zone at 194 to 199 Price Band
- Stock made back to back Bullish Rounding Bottoms
- Price closure sustained breakout well above Falling Resistance Trendline
- Weekly basis Support at 199 > 180 > 158 with Resistance only at ATH 238.46
SWING OPPORTUINTY IN FALLING MARKET (REDINGTON)Stock gave strong breakout of all time high and trading above it if it sustains above 230,we can see buying opportunity till 250 ,270.
Entry - Above 230
Target -250 to 273 (According to your risk management)
Stoploss - 211
This is not a buy or sell call, analysis is shared for educational purpose.
Crossover - REDINGTON📊 Script: REDINGTON
📊 Sector: Trading
📊 Industry: Trading
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 222
🟢 Target 🎯🏆 - 235
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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RedingtonThere is a one more stock Which is showing a great opportunity , stock is near support cum resistance. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Pasted a image from my private idea because daily idea post limit is reached.
This stock can fly after breakout!Redington has been forming an inverted head and shoulder pattern from the past 2 years.
A weekly closing above 200 will confirm the breakout which will unlock huge targets for the stock.
This stock has nice fundamentals with a good dividend yield so one can consider this stock for long term investment as well.
Keep this stock in watchlist as the rejection in previous week is due to dividend correction.
Idea shared for educational purposes.
Investment_ Redington IndiaNamaste!
Redington India is a good mid-cap pick considering it's fundamentals, very consistent EPS, and after a good correction.
It is a buy at current prices (Rs 126.55).
The logic is simple, if a company with good fundamentals available at a discount, then it's a perfect opportunity to invest.
Remember, never invest more than 10% of your capital in any particular stock. Diversification is a must for reducing risks.
I have shared many stocks till now and will share more in the future, in the tradingview platform. I expect anyone, who is reading these articles to do your own analysis, and pick the stocks of your choice. Make a perfect blend of sectors and stocks resulting in a market-beating portfolio.
The most important rule in Investing is, never ever sell at a loss. There are only two possibilities in my opinion, either the company goes bankrupt, or you make money.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets. Please do your analysis and/or consult your financial advisor before investing.
Triangle Breakout is expected in REDINGTON.Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
An impulse wave over and simple correction happen in REDINGTONELLIOTT WAVE ANALYSIS
An impulse took place and a cycle has completed the 1) wave and the correction of 2) is in the end .
In 2) wave a simple flat correction took place. But my view is that we may expectation is that we may expect a complex correction .
It may raise to 180-190.
If the up move was slow and too long then we can expect a correction wave.
correction wave pattern was already posted and it was linked below, you people can view that chart for more clarification. it an alternative view.
REDINGTON | Good for Long NSE:REDINGTON
Cmp : 178.30
Entry : Above 181
Stop Loss: According to one's Risk Reward ratio
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31# Redington NSE:REDINGTON
Reason Being:
1. All time High Closing
2. Weekly closing above the resistance zone
3. Huge volume in last 2-3 weeks
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
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Long REDINGTON - Move is ON..NSE:REDINGTON
✅ #REDINGTON trading above Resistance of 178
✅ Next Resistance is at 226
✅ Now trading at all time high
Here is related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
REDINGTON - Ichimoku Bullish Breakout Stock Name - Redington (india) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 180
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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