Redington India ltd. is Trying to Breakout from a falling trendline, a close above Trendline on Monthly Closing basis will be a Breakout and Longs can be initiated once the Stocks Shows retrracement to Retest the Trendline. buy and Hold as Per Levels given on Chart !!
Trendline Breakout, Consolidation and a Bullish Candle at the Support, is a Kind of Good Combination for the Stock to Move Higher. Resistance at 50 odd levels and support at 40 odd levels. Good Level to accumulate the Stock with a Small Stoploss and a Bigger Target.