BUY REDIGTON 152-154 SL 145 TARGET 172 -DKM SIR
I can see big upmove from here and it can also rockstar performer for upcoming week
buy and hold as per your risk
#CHART BOLTA HAI DOSTO #
Redington:
1. There is a fundamental news that Apple decides to pursue the iPhone manufacturing out of India, I think this news came in morning.
2. After that the prices tried to get a clear breakout, but it just closes at the level of 61.8% Fib at 152.75 (the big wick).
3. The current closing is a fews days of consolidation, breaks above 150 level decisively....
NSE:REDINGTON
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Be Cautious #tripletop #Pattern (trend reversal) at #redington weekly chart.
What Is a Triple Top?
The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the...
Symmetric triangle / flag & pole formation seen on monthly time frame. There’s a bearish divergence as of today on the monthly time frame, by month end if RSI is above 85 that might resolve. Possible upside is subject to successful flag & pole BO.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
Redington is a leading distributor of products and integrated supply chain solution provider in the field of technology and communications in India as well as across the globe. Being the second largest distributor of IT products in India, it is a premier distributor of products
follow up post for next level
There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY)
REDINGTON INDIA LTD. with target of RS 165 CMP IS RS 158.15
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @RS 153
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for...
Near a well defined boundary a reversal candlestick pattern, initial sign of reversal .
✍️As a breakout trader thats provides me the extra buffer zone and additional risk appetite when price break the upper boundary .
✍️ Maximum time if price not break the low of the hammer and price sustain above hammer high then my initial target is upper boundary of the...
