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
REDINGTON trade ideas
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.
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
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.
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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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.