REDINGTON near support zoneCompany : REDINGTON
Rationale : Near support zone and downtrend was with reducing volumes. A bounce likely from these levels.
Entry Price : 122.85
Stoploss : 110.55
Target 1 : 135.15
Target 2 : 141.25
REDINGTON trade ideas
Redington India :Looking good for long above 151Redington India is consolidating & trading near support. Can be a long candidate above 151.
Redington 280support at 138 -126- 114
bo level is 156. above this it shall touch 207 -244 - 284 in next 3 month - 1 year
most favourable 1:3 but not proper setup yetjust assuming stock is near 52 weeks high that too is a new high
now stock moving in uprising parallel channel with previous swing support and resistance
just entering at CMP/near stop-loss minimizes loss when we convict a move this system is used by short-term call providers of the various institution.
along with this when the result is assumed to be good rather than excepted we can get an early entry.
early entry - cmp/142
stop loss - when trendline break or closing candle below 138
target - 168 - 178 - all new high
Low risk set up ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
REDINGTON - Buy in Dips Note - This is for educational purpose only.
Strength is seen returning after a downtrend. This may signal possible end of downtrend and start of uptrend soon.
Volume us greater than 20 period average volume.
Redington Smooth roundish accumulation structure. Will make an impulsive rally now. Stock to watch for next 1 month !
Good above 180Good breakout in weekly chart and retracement of 26% n ready to move up now. also at 50ma support
REDINGTON INDIAA Tale of 2 Parallel Channels
Awaiting the breakout at the intersection.
Divergence Spotted.
Buy and hold Redington for 2-3 months.Hold Redington for 2-3 months.
*Stock has taken a dip on the weekly time frame and now the dip is over as per the weekly chart.
*Stock is starting a new uptrend after consolidating for two months.
* Targets of 270 looks achievable in 2-3 months... or sell when weekly RSI reaches the level of 85.
*** Stock is undervalued with PE of 15 while the sector PE of 39.
Note - This is for education purposes only.
REDINGTON Triangle BreakoutNSE:REDINGTON just broke out of triangle and is poised for 10% upside. Triangle breakout is accompanied by huge volume. Red area is the Stop Loss area and Green one is the target.
PURE PRICE ACTION STUDYDOWN TREND
MICROTREND BREAKDOWN
WITH VOLUME
FIBO 23 LEVEL
Red candle below entry
Red candle above sl
Incase 3 candlea under not Tigger the entry simply avoid the trade
Educational purpose only
REDINGTON levels...05.10.2021 ( D candle)REDINGTON completed the bearish pattern , now going to buy movement will expect...near by target 170+
REDINGTON Swing Trade Idea#REDINGTON - Swing buy at 153.5 for 164 as target and SL below 149. Risk:Reward for this trade = 1:4.5 #Swing #Positional
Redington 1D highly bullish *for educational purpose only ,it's not a call. Do your own analysis.
only above 147 or 151.
thanks
#breakouttrades
REDINGTON INDIAA Tale of 2 Parallel Channels
Awaiting the breakout at the intersection.
Divergence Spotted.
Redington Triangle FormationRedington is forming a Triangle Breakout Pattern.
Buy at 145
SL 135
Target 175
Duration 3 Months
Fundamental Snippets:
Market Cap - ₹ 11,278 Cr.
Current Price - ₹ 144
High / Low - ₹ 179 / 57.2
Stock P/E - 12.4
Book Value - ₹ 63.2
Dividend Yield - 2.63 %
ROCE - 21.2 %
ROE - 16.4 %
Face Value - ₹ 2.00
Debt to equity - 0.13
Price to book value - 2.29
PEG Ratio - 1.00
Promoter holding - 0.00 %
Change in Prom Hold - 0.00 %
Working capital - ₹ 5,208 Cr.
WC Days - 11.0
EVEBITDA - 5.34
Inven TO - 16.4
Current ratio - 1.61
Quick ratio - 1.27
CWIP - ₹ 0.94 Cr.
CMP / FCF - 6.34
Enterprise Value - ₹ 8,407 Cr.
EPS - ₹ 11.6
EPS preceding year - ₹ 6.62
Swing opportunity for Redington (India) LimitedWe can enter for a short term if it crosses 149-150 levels
with SL of 120
LONG PositionCompany's fundamentals are profitable, dividends will be given after some time.
Hold for 30% growth in 3 months.
Redington....expected up move.The stock has got split and now it has started to move up from its resistance level. Once it crosses the upper resistance we can expect a rally.Till then small movement is expected and 2 short tarm targets are shown on chart.
Swing trade opportunity potential : 20 % upsideTrend reversal.....chance to grab 20% upside in a weeks time. Good swing trade option.
