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REDINGTON LIMITED

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REDINGTON trade ideas

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.
NSE:REDINGTONLong
by chartistamey
REDINGTON Bullish; above 169.5 on Friday 8 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:REDINGTONLong
by JJ_Breakouts
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.
NSE:REDINGTONLong
by UnknownUnicorn7637383
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.
NSE:REDINGTON
by n0m0ret0ss
1
Redington's Chart: Support at Rising Trendline In this analysis, we will delve into the technical aspects of Redington's chart, highlighting the support at the weekly rising trendline and the potential Harmonic Pattern Gartley formation. We will assess the potential buying opportunity for Redington based on the technical signals. Let's proceed with the analysis. Chart Analysis: The TradingView chart for Redington reveals several significant technical factors that may influence the stock's price action. Support at Weekly Rising Trendline: Redington's chart is finding support at the weekly rising trendline, indicating a potential area of price stabilization. This support level suggests a positive trend and may attract buying interest from traders and investors. Potential Harmonic Pattern Gartley: The chart shows that Redington is about to form a Harmonic Pattern Gartley. Harmonic patterns are based on Fibonacci ratios and are considered potential reversal patterns. The completion of the Gartley pattern around ₹154 could signal a bullish trend continuation for the stock. Trading Opportunity and Targets: Considering the technical signals, a potential buying opportunity may be presented for Redington. Traders may consider initiating a long position at the current market price (CMP) of ₹158. However, it is essential to acknowledge that the suggested stop loss at ₹152 is intended to manage potential risks. For the target, a potential level is set at ₹165, representing a potential upside target based on the Gartley pattern formation. Conclusion: The technical analysis of Redington's chart suggests a potentially bullish outlook for the stock. The support at the weekly rising trendline and the potential Harmonic Pattern Gartley formation indicate a possible trend continuation. Traders may consider entering a long position at the CMP of ₹158, with a stop loss set at ₹152 and a target of ₹165. As with any investment decision, caution should be exercised, and it is recommended to conduct thorough research and consult with a financial advisor before making any investment choices. Additionally, traders should closely monitor the stock's price action and consider implementing appropriate risk management strategies.
NSE:REDINGTONLong
by yaashul