# Redington
1. Multiple Support & Resistance on TL
2. Formation of Inside Bar, opening at Low
3. Price is above all EMA's
4. Volume is rising
5. Trend may change if Price goes above the preceding Bar, gives BO of TL & Swing High
6. Close Entering 52 W High Zone (202.30)
* Educational purpose only
REDINGTON
BUY : 173
TARGET : 190
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Redington needs to hold 160 levels to keep this counts valid & a day close above 183 will gain momentum.
This Stock is in Larger degree Wave 3 so keep riding the trend.
Redington In Weekly Candle Stick Full Buying Pressure and Will Make Flag and Poll Pattern
Can Go Long In this Share
My View for Nifty is Bearish Can Touch 17000 Levels Or may get Reversal From 17300
Look at the pattern structure guys probably this stock now at the good support zone
You can enter indicated buy trend area at very small stop loss neither enter at next break out of the resistance line.
support and follow for more buying opportunities.
Reddington has given a nice breakout on weekly chart and the stock seems ready for upside.
175-170 seems to be a good accumulation zone for a short to medium term peerspective.
Note that this is a weekly chart and not for short term.
Disc-Not a investment advice.This chart is for learning purpose.
Here on weekly chart Redington gives a beautiful all time high Breakout and sustained above strongly on the basis of weekly closing above on that resistance trendline on coming Friday we can consider as a fresh entry in this stock, what I observed by the previous trend after breakout of all time high in this counter that it gives almost 60% runup after when that...
~RSI IS ABOVE 60.
~STRONG RS.
It has broken all time high resistance recently.
~S.L. is given on the chart.
~This is not my recommandation , do your own analysis before investing.
