Get started
REDINGTON LTDREDINGTON LTDREDINGTON LTD

REDINGTON LTD

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

REDINGTON trade ideas

Redington Bounced from a Long Term Base With MACD +veNSE:REDINGTON today confirmed a Strong Base Formation after closing above major Levels RSI Showing Bullish Momentum and MACD turned Positive Today With Good Volumes. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels. Target(Take Profit): 234.25 Levels for Positional Trader. Stop-Loss: Around 198.58 For Swing Trade and Recent Base for Positional Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:REDINGTONLong
by Karanshah137
Key Patterns, Observations, and Future ScenariosThe stock is trading within a well-defined ascending channel, which is indicative of an overall bullish trend. Over the past few years, the price has consistently respected both the upper and lower boundaries of this channel. This is a strong indication of systematic movement and healthy trends in the stock. The price has recently bounced off a key support level near the lower boundary of the channel around ₹179, and it’s currently sitting at ₹202. This suggests that the stock might be gearing up for another move toward the upper boundary of the channel. Fibonacci Levels and Price Action Observations: The Fibonacci levels plotted on the chart act as critical support and resistance zones. Let’s break this down: Support levels : ₹179 is a major support level, being close to the S1 level and the lower channel line. Below that, ₹160 and ₹136 also serve as significant supports if the stock witnesses a deeper correction. Resistance levels: On the upside, ₹225 and ₹237 are immediate hurdles. The ₹225 level aligns with the pivot and has seen price rejection multiple times in the past. Beyond this, ₹263, which is the R3 level, coincides with the upper boundary of the channel and serves as a long-term resistance target. The price action suggests the stock has been consolidating near the middle of the channel, but with a tendency to test higher levels after each consolidation phase. This is a healthy sign of accumulation and consistent bullish interest. Momentum Indicators – MACD: T he MACD (Moving Average Convergence Divergence) indicator below the chart is signaling early bullish momentum: We can see a potential bullish crossover where the MACD line (blue) is about to cross above the signal line (orange). This is a classic signal for potential upward movement in the near term. Additionally, the MACD histogram is beginning to turn positive, though it’s still in the early stages of a bullish signal. This suggests that while momentum is building, we need to wait for confirmation. If the price breaks above the ₹225 resistance level with strong volume, it could lead to a rally toward ₹237, which is the next major resistance based on Fibonacci and channel projections. If the bullish momentum sustains, the price might even target ₹263, the upper channel boundary. This move would signify a continuation of the long-term bullish trend. It’s also possible that the stock might continue oscillating within the channel boundaries for some time, respecting the key Fibonacci levels for support and resistance. In such a case, we might see the price consolidating between ₹179 and ₹225 before making a decisive move. I would consider entering long positions near the ₹179 support level or on a breakout above ₹225. The first target for this trade would be ₹237, followed by ₹263, depending on momentum and market conditions. Stop-loss for this trade could be placed slightly below ₹160 to manage risk effectively.
NSE:REDINGTONLong
by TrueVithbyVishwanath
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.
NSE:REDINGTONLong
by NiftyNotions
1
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
NSE:REDINGTONLong
by Yoyohoneysingh93
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!🥂
NSE:REDINGTONLong
by radha_23
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. :-)
NSE:REDINGTONLong
by Yoyohoneysingh93
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.
NSE:REDINGTON
by ganeshkrupa
1
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 --- --- --- 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. - Alan Farley
NSE:REDINGTONLong
by srjatav