Reddington 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.
Here on weekly chart Redington gives a beautiful all time high Breakout and sustained above strongly on the basis of weekly closing above on that resistance trendline on coming Friday we can consider as a fresh entry in this stock, what I observed by the previous trend after breakout of all time high in this counter that it gives almost 60% runup after when that...
Redington prices were being rejected at Rs 175 levels. Redington is in a breakout on a monthly basis too.
Buy - Rs 175 ~ 180
SL - Rs 160
Target - Rs 220
Note: This is purely for educational purposes only and is NOT a Buy/Sell Recommendation.
Cmp : 178.30
Entry : Above 181
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI...
1. All time High Closing
2. Weekly closing above the resistance zone
3. Huge volume in last 2-3 weeks
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
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✅ #REDINGTON trading above Resistance of 178
✅ Next Resistance is at 226
✅ Now trading at all time high
Here is related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for...
Stock Name - Redington (india) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 180
#This is not Buy and Sell recommendation to any one. This is for...
REDINGTON:- breakout soon at weekly chart. keep on radar
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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