Redington cmp 223.50 by Weekly Chart viewRedington cmp 223.50 by Weekly Chart view
- Support Zone 208 to 216 Price Band
- Resistance Zone 226 to 235 Price Band
- Bullish Head and Shoulders made with neckline at Resistance Zone
- Kindly ignore the comment "since June 2022" as it got included from another chart
Redingtontechnicalchartsetup
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 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 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