Symbol REDINGTON Company REDINGTON LTD Type Long term and Swing trade Price 188.55 Date of entry 2-2-2024 Risk Market slowdown
Breakout in Redington (india) Limited with high volume..........
The 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.
the 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.
⚡️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
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
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...
Namaste! 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...
BUY REDINGTON PRICE @ 141.50 42% ROI EXPECTED Buy1 cmp entry @ 141.50 Target 1 @ 202.30 ROI 1 @ 42 Buy2 Pending entry @ 125.80 Target 2 @ 202.30 ROI 2 @ 60 Our Unique Features ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per...
Redington formed doubled bottom one can take risk here for new high
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.
REDINGTON - After correction stock is ready to go towards 190 levels.. BUY with SL143.
an alternate view on final 5th wave and once this is completed. an impulse wave was yet to complete.
ELLIOTT WAVE ANALYSIS An impulse took place and a cycle has completed the 1) wave and the correction of 2) is in the end . In 2) wave a simple flat correction took place. But my view is that we may expectation is that we may expect a complex correction . It may raise to 180-190. If the up move was slow and too long then we can expect a correction...
Refer chart for details Stock : Redington Timeframe : Monthly timeframe
Redington : Hammer formation at support and strong bounce Stay Long above 161 with support at 154 and 146
REDINGTON LTP : 151.95 Support : 120-132 Targets: 159/194/253++ Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor. #REDINGTON #StocksInFocus #stockmarkets #stockmarketnews #investing #SGXNIFTY #NASDAQ
Likely close above 165 by the end of month. Story of this company is changing as they are trying to improve margin in coming 1-2 year by cloud business accounting about 8000 crore business and out of that 10% approx of cloud service which carry margin of 25-30% and cloud carry 6-7% margin. Story is very great... Let's see what happen. . In coming years I think...