#REDINGTON looks good for breakoutPrice is trading at resistance level. Looks ready to enter into new price zone.
REDINGTON trade ideas
REDINGTON3 Inside Bar and reduction in volatility by 57% compare to 1st weekly bar in 3 bars. It can be above 137 level with SL of 128.
Redington India Ltd. ... Getting Ready for a Good Ride !!#optionsmagician #prathaminvestments
#redington
Redington India ltd. is Trying to Breakout from a falling trendline, a close above Trendline on Monthly Closing basis will be a Breakout and Longs can be initiated once the Stocks Shows retrracement to Retest the Trendline. buy and Hold as Per Levels given on Chart !!
Redington formed a MORNING STAR PATTER with GOOD VOLUME Redington formed a MORNING STAR PATTER with GOOD VOLUME it will be a good buy.
Buy Long for Redington India LTD Buy Long for Redington India ltd from the current price to the target of Rs 141 , as there is an upwards rising channel and there is clear cut break out of inverse head and shoulder pattern including the break out of the inverse right shoulder . Also as per fibonacci retracement the target it is showing is upto Rs 141 . on a daliy Chart pattern.
The Above analysis is done on the daily chart pattern .
In consolidationThe bearish trend may take it to a level of 109 where there is the last support which may hold.
Short/Mid Investment Pick: 40% to 80% in 3-6 monthsShort/Mid Investment Pick: 40% to 80% in 3-6 months. This script looks great on technical as well as fundamental analysis. Price making HHLL and moving in ascending triangle pattern. Shortly can see a breakout. Entry could be around or above 118-120. SL up to 105-100 and we can see 150/200+ on cards. Great intrinsic value, FII's invested, PE 8.74 vs 20.21 PE of sector. Revenue and Profit increasing YOY. "I AM NOT SEBI REGISTER, INVEST AFTER CONSULTING WITH FINANCIAL ADVISER. Views are solely personal and for educational purpose.
REDINGTONWITH STOP LOSS PLACED AT 113, ONE CAN SHORT FOR TARGETS OF
109.9 AND 107, IN THE COMING DAYS.
REDINGTON Lifetime ChannelMoving in channel|. made a pinbar on its edge . cud b indication of another leg up.
Redington india viewafter breakout at 112 level it makes new high and consolidating at 150 levels.
closing above 150 with volume will take this to next zone and will make new territory
Redington India gearing up for a BIG up-move - BUYRedington India closed above the monthly resistance line which seemed more like a descending triangle pattern with an upside breakout. The stock seems to be ready for an upside move to test December 2014 high of 140 level. RSI above 50 is a good sign.
Trading strategy :
CMP : 109
Target : 138
Stop loss : Close below 92
Reward to Risk ratio = 1.70
