*This stock made a continuation inverted H & S and traded near its neck line after breakout breakout we will initiate trade .
It Formed Double Bottom & 3 Yr Old Trend line Breakout !! Possible Target : 150 (HOLD ABOVE 135) Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
BUY-131 SL-123 T-142/150 MAKING HIGHER HIGH & HIGHER LOWS. CHANNEL FOLLOW WAIT FOR THE BEST BUY LEVELS.. POSITIONAL TRADE
Stock price staying around resistance level. Can make breakout in few sessions.
Price is trading at resistance level. Looks ready to enter into new price zone.
#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 it will be a good buy.
If Close Above 110 sustained, Can go High Trading Geeks
BUY REDINGTON For 88.5 94 98.55 102 109 110 120 128 135 SL 74
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...
The 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 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...