REDINGTON trade ideas
REDINGTON LOOKS STRONG AFTER GOOD YoY resultREDINGTON after announcing good YoY result yesterday opened with a gap up and is trading above all R3 (Fibonacci).
it has entered into a pervious channel that i had marked before the Small-Cap fall that happened on Wednesday.
today it took support at the lower green support line and moved back up.
also DAILY Heikin Ashi shows strength.
keep an eye out for a breakout above the red line, or a break-down below the green line.
Redington - Forming a High Tight Flag PatternRedington stock is forming a High Tight Flag pattern. Going long in this pattern can offer excellent Risk Reward.
A word of caution : Redington has announced 1:1 bonus issue (Record Date : 20/08/2021, Ex-Date : 18/08/2021). So if you are buying the stock, you need to factor in the effects of this Corporate Action.
Buy redington above 330 for a target of 390+, SL of 310Buy Redington above 330 for a target of 390+, SL of 310
Appears to be a triangle breakout or a flag and pole breakout with a retest.
We can expect the prices to move upwards if the momentum picks up from here.
Redington Enter above 335. Likely to do 390. Sl 315. Results should be good. Management meet n Aug20th for bonus issue consideration.
REDINGTON INDIA - WEEKLYREDINGTON INDIA - WEEKLY
Breakout with volume support.
Daily candle closed at Upper Circuit with such strong move upside is expected.
But needs to wait for the entry at retest level.
By - Rahul_Mathur
Breakout and then Pullback.The stock gave a breakout after some consolidation. After making a new high, there was a pullback. The last candle is a dragonfly doji, which is a bullish reversal candle. We should wait for a confirmation candle and then take an entry. The volumes support is also good. Volumes are good when the stock is making higher high and volumes and low while pullback.
Redington Weekly BO and huge volumes seen lately. Redington India, distributor of IT, mobile and allied electronic products, has approved 1:1 bonus and fixed as 20 August 21 as the record date and a dividend of Rs. 11.60 has also been announced. Share price can rise substantially
REDINGTON is now 316 from 189REDINGTON was shared on May 27, 2021 to buy between 186 to 189
now you can see it is @ 316 in 1.5 months.
Most potential Short Term stock ✌✌This scrip is one of the must added stock in your watch list as it starts momentum after steady built up over. So traders keep on your radar and enjoy the profit. Thanks to all...
Breakout in Redington (India)...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (40%) achieved in Redington (India). Target 2 is ON...This is follow-up on Redington (India). Can check link to related ideas.
Target 1 achieved. More than 40%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Short for 230. Wait for 230 long term play. HUGE cash on book. very high orders. high dividend. Long term play.
REDINGTON INDIA, accumulation mode for trgt 54%,long trmredington india , accumulation mode for a med-long trm trgt of 54% = 207.35...buy on dips,
