support at 136, bo above 158 target 1 205 target 2 250 target 3 290 in next 6 months
above 157 it shall jump towards 207 -244 -284, supports at 138 -126
REDINGTON has today shown willingness to move up, by breaking through two resistane levels with good volume. My trade setup: Entry: 151 – 152. Target: 169 + Stop-loss: Close below red-line.
support at 138 -126- 114 bo level is 156. above this it shall touch 207 -244 - 284 in next 3 month - 1 year
A Tale of 2 Parallel Channels Awaiting the breakout at the intersection. Divergence Spotted.
REDINGTON completed the bearish pattern , now going to buy movement will expect...near by target 170+
need to wait for next move..... this is for analysis purpose only..
A Tale of 2 Parallel Channels Awaiting the breakout at the intersection. Divergence Spotted.
We can enter for a short term if it crosses 149-150 levels with SL of 120
The stock has got split and now it has started to move up from its resistance level. Once it crosses the upper resistance we can expect a rally.Till then small movement is expected and 2 short tarm targets are shown on chart.
REDINGTON after announcing good YoY result yesterday opened with a gap up and is trading above all R3 (Fibonacci). it has entered into a pervious channel that i had marked before the Small-Cap fall that happened on Wednesday. today it took support at the lower green support line and moved back up. also DAILY Heikin Ashi shows strength. keep an eye out for a...
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.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. 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.
This is follow-up on Redington (India). Can check link to related ideas. Target 1 achieved. More than 40%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Redington (Weekly):- CMP 219.75 Looks good for more upside :) 1) Multiyear breakout :) 2) Volume build up
Broke out from VCP PATTERN ( Volatility contraction pattern) gapped up Can double from here
REDINGTON : for positional For Educational purpose.
I am so excited to share my fourth watchlist stock with you all today. It is required by you to read till the end to understand the strategy completely. Background on Charts The chart of Redington is at a very interesting point. The price fell from 126.5 pre covid levels to 59.1 on March 23 2020 crash. The price has been following a strict trendline that...