fake breakout on monthly - Rsi divergence Refer chart for details
Stock : Redington
Timeframe : Monthly timeframe
REDINGTON trade ideas
Reginton : Hammer - Bounce BackRedington :
Hammer formation at support and strong bounce
Stay Long above 161 with support at 154 and 146
REDINGTON Analysis:REDINGTON
LTP : 151.95
Support : 120-132
Targets: 159/194/253++
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#REDINGTON #StocksInFocus #stockmarkets #stockmarketnews #investing #SGXNIFTY #NASDAQ
Redington Showing Tightness at 15 minLikely close above 165 by the end of month.
Story of this company is changing as they are trying to improve margin in coming 1-2 year by cloud business accounting about 8000 crore business and out of that 10% approx of cloud service which carry margin of 25-30% and cloud carry 6-7% margin. Story is very great... Let's see what happen. . In coming years I think this will 2-3 times from here.
GOOD TIME TO TAKE A LONG POSITION SO its clearly shows the bull singnal also making a chennel patern so you can take a small risk for getting huge profit
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.
Redington swing traderidingtone right now on bullish mode and it is above all moving averages and also with 60+ rsi
it can buy at 188 level
targets 1st 202
2nd is 230
it can be give good move if the volume increase and break it resistances point which is 202 strong resistances
happy trading
disclaimer
this are only for educational purposes
REDINGTON : GOOD ACCUMULATION My swing trading rules
1. Analysis of only F&O stocks . (200stocks daily).
2. Finding an opportunity by technical analysis.
3. Stock price must be above 50/200 Ema crossover .
REDINGTON READY FOR NEW UPMOVEbounced from 200DMA and building up near trendline.stop below 169 on closing basis for targets of new 52W high.
REDINGTON FOR SWINGStock looks good at the current levels for swing action. Good volume and price action for swing. Check chart for target.
Redington: Double bottom structure on WTFRedington is forming positive bullish structure on weekly time frame. Today Company is going to announce its Q4 results also. Keep on radar.
Redington Inside Bar & TL BO# Redington
1. Multiple Support & Resistance on TL
2. Formation of Inside Bar, opening at Low
3. Price is above all EMA's
4. Volume is rising
5. Trend may change if Price goes above the preceding Bar, gives BO of TL & Swing High
6. Close Entering 52 W High Zone (202.30)
* Educational purpose only
REDINGTON IN UPTRENDREDINGTON
BUY : 173
TARGET : 190
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
Bullish set up with high bottoms1. Trend is bullish in all TF
2. Bottoms shifting higher
3. Price trading at support
4. Risk to reward is lucrative about 1:4.3+
Redington Accumulation in Wave 4Redington needs to hold 160 levels to keep this counts valid & a day close above 183 will gain momentum.
This Stock is in Larger degree Wave 3 so keep riding the trend.
Redington India View is Bullish Redington In Weekly Candle Stick Full Buying Pressure and Will Make Flag and Poll Pattern
Can Go Long In this Share
My View for Nifty is Bearish Can Touch 17000 Levels Or may get Reversal From 17300
REDINGTONLook at the pattern structure guys probably this stock now at the good support zone
You can enter indicated buy trend area at very small stop loss neither enter at next break out of the resistance line.
support and follow for more buying opportunities.
REDDINGTONReddington has given a nice breakout on weekly chart and the stock seems ready for upside.
175-170 seems to be a good accumulation zone for a short to medium term peerspective.
Note that this is a weekly chart and not for short term.
Disc-Not a investment advice.This chart is for learning purpose.
REDINGTON> REDINGTON
> Good above 160
> Keep an eye on this stock
> Wait for breakout
// This post is only for educational purpose //
