Get started
REDINGTON LIMITEDREDINGTON LIMITEDREDINGTON LIMITED

REDINGTON LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

REDINGTON trade ideas

Redington 4yr Rounding bottom / 2.5mth VCPGood results, may breakout anytime soon. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. For educational purposes only.
NSE:REDINGTONLong
by raavigeorgian
12
50%-100% Potential - Redington. Breakout anytime.I am so excited to share my fourth watchlist stock with you all today. It is required by you to read till the end to understand the strategy completely. Background on Charts The chart of Redington is at a very interesting point. The price fell from 126.5 pre covid levels to 59.1 on March 23 2020 crash. The price has been following a strict trendline that started on August 13 2020. There is something interesting thing that happened on 2nd Feb 2021. Until this day, the price was moving slowly up respecting the trendline however on this day, a massive volume took the price up 8.8% intraday and broke the previous all-time high to make a new lifetime high. Interesting one can expect the following day to show some pull back, however, the price went up by another 3.94% and made a new fresh high. Since then the price has been controlled by only aggressive buyers and merely a few weak hand sellers. Moving forward on 9th Feb 2021, another interesting thing stuck. The price opened at 1.618 Fibonacci levels of the March Crash and quickly corrected but still managed to somehow close at +1.3% The trade Fast forward today, the chart has made a Doji star on the daily chart. This was expected since we are around 1.618 fib level, and buyers are slowing down until there is a clear direction. However, stocks showing a strength like this is quite rare and it strongly recommended to buy every dip on this stock. Buy from CMP and add till 140. Buy 1 lot at CMP (163) x shares and add another x shares at 140. Buy Average: 151.5 for 2x shares. Let us assume x = 100, hence we will have 200 shares at 151.5 average. Total Investment: 30,300 Stop Loss: 126 (-25.5 points) Target: 207 (+55.5), 235 (+83.5) (move SL to 215), 302 (+150.5) (move SL to 277) Max Loss: 5,100 (-16.8%) Profit at Target 1: 11,100 (+36.6) RR on Target 1: 1:2 I am highly convicted that there is a high possibility of a successful trade here. The strength of the price convinces and quicker T1 fulfilment. P.S: I am not a registered advisor and for study purposes only. Please consult your advisor before investing.
NSE:REDINGTONLong
by ShekharChatterjee
11