Break outComing out of consolidation face with increasing volumes on positive days. Seems ready for next ride
REDINGTON trade ideas
RedingtonThere 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 idea post limit is reached.
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. :-)
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.
20% upside potential RedingtonThe 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 due to resignation of a senior management person.
Target can be 190.
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
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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.
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RedingtonRedington 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 BOREDINGTON 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 Redington gives a Beautiful breakout of Cup & Handle Pattern & Now its readying for further good up rally
KEEEP ON RADAR
This stock can fly after breakout!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 previous week is due to dividend correction.
Idea shared for educational purposes.
REDINGTON INDIA has potential breakout REDINGTON INDIA has potential breakout ,TARGET-6%,2nd target 6+10%,
Disclaimer: For educational purposes only
Buy call for REDINGTONSymbol REDINGTON
Company REDINGTON LTD
Type Long term and Swing trade
Price 188.55
Date of entry 2-2-2024
Risk Market slowdown
RedingtonThe stock has been consolidating for a while now but now looks set to fly.
An entry at 196 looks good for a PT of 232 with a Stop loss at 172.
Redington : Target 227the second largest distributor of IT products in India, it is a premier distributor of products for 200 + global technology vendors. It also leverage its presence in the field of Repairs and maintenance of technology products & Infrastructure.
#REDINGTON (Monthly)⚡️Low Debt
⚡️Good dividend yield
⚡️500% return from Mar 20 to Jul 21
⚡️Sideways since Jul 21
⚡️ATH Breakout expected
⚡️Volume rising
🔴 SL 169
🟡 CMP 177
🟢 TGT 195/222/266
Redington ###########$$$$$$%%%%%%RSI indicator is above 70 the stock is at overbought position.
Redington stock formation of Lower high and Lower low( price Channel Pattern)
Target 135
This is for educational purpose only
REDINGTON Bullish; above 169.5 on Friday 8 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Investment_ Redington IndiaNamaste!
Redington India is a good mid-cap pick considering it's fundamentals, very consistent EPS, and after a good correction.
It is a buy at current prices (Rs 126.55).
The logic is simple, if a company with good fundamentals available at a discount, then it's a perfect opportunity to invest.
Remember, never invest more than 10% of your capital in any particular stock. Diversification is a must for reducing risks.
I have shared many stocks till now and will share more in the future, in the tradingview platform. I expect anyone, who is reading these articles to do your own analysis, and pick the stocks of your choice. Make a perfect blend of sectors and stocks resulting in a market-beating portfolio.
The most important rule in Investing is, never ever sell at a loss. There are only two possibilities in my opinion, either the company goes bankrupt, or you make money.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets. Please do your analysis and/or consult your financial advisor before investing.
Triangle Breakout is expected in REDINGTON.Elliott wave analysis:-
Running Flat took place with B wave as triangle. now an upside move is expected.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
alternative view redingtonan alternate view on final 5th wave and once this is completed. an impulse wave was yet to complete.
