Redington is ready to break ATH
1. daily volume building up suggesting of buying
2. RSI above 60 suggestive of price strength
3. MACD CROSS OVER
4. Fundamentally strong stock most probably going to declare 8 rupees dividend in July
can be bought with great upside potential
📊 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...
There is a one more stock Which is showing a great opportunity , stock is near support cum resistance. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Pasted a image from my private idea because daily...
PS: 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...
Buy when stock reaches 179.55 and if breakdowns hold for 165 and 157.75.
The stock has the potential to HIT 214.85 and 253.55.
The company is decent in the FUNDAMENTALS
Redington 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...
The stock is currently below its 200-day moving average (MA).
It is exhibiting a consistent trading pattern within a range of 160 to 190, constituting a 20% range. At the lower levels of 150, a W pattern is beginning to take shape.
From a fundamental perspective, the company is reporting its highest-ever figures in terms of revenue and profits. Stock declined...
On 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...
Redington Limited has made a breakout and is currently in a buying zone. CMP is 189. Breakout confirmation and retesting in one day and one week time frame, thus we expect to hit all of our targets.
REDINGTON gave a breakout last week and a retest is due with a gap at the green zone (Now support) entry can be taken only near the zone.
NOTE: I'm not a SEBI REG. Study before investing.
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...
