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 trade ideas
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.
Multibagger Chart Structure* After breakout in Monthly time frame now price pullback to its near important support level and pattern triggered above 151 close .
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
