Redington: Swing Trade OpportunityRedington has demonstrated a significant recovery after a rebound from the demand zone, which is identified between the price levels of 158 to 161. The stock has successfully breached the previously established resistance range of 186 to 189, closing above this critical level, which is a positive indicator for potential further upward movement.
The price movement from lower lows to higher highs illustrates a robust bullish trend. Notably, the stock has encountered the 61.8% Fibonacci retracement level multiple times, reinforcing the notion of a strong upward trajectory in the near term. This recurring interaction with the Fibonacci level suggests that the market participants view this area as a strong point of support and resistance, which is crucial for traders to consider.
Further corroborating the positive outlook, both the Relative Strength Index and the Moving Average Convergence Divergence indicators on the daily and weekly time frames reflect strong buying momentum. An RSI value above 70 may indicate an overbought condition; however, current readings suggest that the stock is not yet in that territory, leaving room for potential upward movement. Meanwhile, the MACD crossing above its signal line indicates a bullish trend.
The stock currently appears poised for accumulation at the current market price. Traders and investors should be aware of a potential resistance range at approximately 225 to 227. It is advisable to consider placing a stop-loss order below the demand zone, ideally around the 158 level, to mitigate potential losses in the event of an unfavourable market movement.
Disclaimer:
The information contained in this technical analysis report is for informational and educational purposes only and should not be construed as financial advice. It is recommended that individuals conduct their own research or consult a qualified financial advisor and consider their financial situation and risk tolerance before making any investment decisions.
REDINGTON trade ideas
4 Amazing swing trade ideas for 6 Nov 2024 Markets I make educational content videos for swing / positional trading
REDINGTON LONGGo Long
Share Price Takes Multiple Times Support, This Times Also.
Entry Above Day High. With a Stop loss of Swing Low , Target in the Pink Zone.
High conviction stock - REDINGTONCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespecitve of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT !
Entry range - 175-185
Date - 21.10.2014
TIGHT SL - 165 or a proper close below this level
Redington on correctionRedington will make an bottom of 158 then will give a clear up move up to 274
REDINGTON Looking good ready to fly#REDINGTON
Looking good ready to fly
WEEKY TF ANALYSIS
W1 LONG VIEW
HARMONIC HALF-BAT PATTERN
178.77 TO 174.92 Long View For Harmonics
165 & 150 SMC Entry zone
Triple Bottom Formed. This Might be a good Reversal.This time it Might Get Passed Through the Resistance. DMI indicates End of Bearish Momentum, DI+ Crossed Above DI- and RSI is Also in an Uptrend. Another confirmation is the Formation of Triple Bottom Pattern.
REDINGTONBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
REDINGTON STRATEGY!!!Buy when stock reaches 179.55 and if breakdowns hold for 165 and 157.75.
The stock has the potential to HIT 214.85 and 253.55.
The company is decent in the FUNDAMENTALS
breakout in RedingtonRedington is ready to break ATH
1. daily volume building up suggesting of buying
2. RSI above 60 suggestive of price strength
3. MACD CROSS OVER
4. Fundamentally strong stock most probably going to declare 8 rupees dividend in July
can be bought with great upside potential
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.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Break outComing out of consolidation face with increasing volumes on positive days. Seems ready for next ride
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.
Amazing breakout on Weekly / Daily Timeframe - REDINGTONPS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
REDINGTON TARGET 330 STOP LOSS 187Redington crossed the long-term monthly and weekly resistance of 201 bullish in the long term uptrend channel. It is increased gradualliy in day and weekly chart. Script also in long term uptrend. Fundamentally good and results are good. MF, FII DII holding company. Day trend is seems to be highly possible to brekaout from the channel resistance of 230 by this month end. If the monthly closing is above 230, and if sustained in weekly closing above 230 it will reach the target of 330.
20% upside potential RedingtonThe stock is currently below its 200-day moving average (MA).
It is exhibiting a consistent trading pattern within a range of 160 to 190, constituting a 20% range. At the lower levels of 150, a W pattern is beginning to take shape.
From a fundamental perspective, the company is reporting its highest-ever figures in terms of revenue and profits. Stock declined due to resignation of a senior management person.
Target can be 190.
All Time HighOn a daily TF the stock has formed a rounding bottom pattern.
It has also given a BO to ATH levels.
With a strict SL of 167, one can enter for possible levels of 250 - 270
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When new traders first enter the fascinating world of trading & investing, they run quickly to bookshelves & absorb the trading masters.
But Neophytes must move slowly & protect capital until experience finally awakens knowledge.
Only then will traders finally discover what works & what doesn't in this challenging game.
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RedingtonRedington Limited has made a breakout and is currently in a buying zone. CMP is 189. Breakout confirmation and retesting in one day and one week time frame, thus we expect to hit all of our targets.
REDINGTON BOREDINGTON gave a breakout last week and a retest is due with a gap at the green zone (Now support) entry can be taken only near the zone.
NOTE: I'm not a SEBI REG. Study before investing.
REDINGTON Redington gives a Beautiful breakout of Cup & Handle Pattern & Now its readying for further good up rally
KEEEP ON RADAR
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.
REDINGTON INDIA has potential breakout REDINGTON INDIA has potential breakout ,TARGET-6%,2nd target 6+10%,
Disclaimer: For educational purposes only
