#Redington Ltd Redington Ltd break out Symmetrical Tirangle Pattern
Entry :- Above 210
Stop Loss :- 185
REDINGTON trade ideas
go longcandle closed above the trendline and the nearest resistance its good to go long with proper SL
Redington looking red hot. Redington Ltd. provision of machinery, equipment and supplies. It includes computers, computer peripheral equipment, software, electronic, and telecommunications equipment and parts. It operates through the India, and Overseas segments.
Redington Ltd. CMP is 193.37. The Negative aspects of the company are MFs decreased their shareholding last quarter. The positive aspects of the company are Attractive Valuation (P.E. = 12.5), Company with Low Debt, Company with Zero Promoter Pledge, Dividend yield greater than sector dividend yield, High Volume, High Gain and Stocks Outperforming their Industry Price Change in the Quarter.
Entry can be taken after closing above 199 Targets in the stock will be 204, 212 and 220. The long-term target in the stock will be 225 and 236. Stop loss in the stock should be maintained at Closing below 180 or 169. depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 15 Days, whether Target / Stop loss Hit or Not.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Note: Entry above High Only as shown on Chart as it is the confirmation of Trend Continuation
REDINGTON--ACCUMULATEWe are major support and downtrend might get arrested here . Technically end of 4th wave in sight. high EPS of 15rs , intrinsic value 254 low PE of 10.6 .Low Risk High Return stock
SWING IDEA - REDINGTON LTDA potential swing trade opportunity in Redington Ltd , a leading distributor of technology products and supply chain solutions.
Reasons are listed below :
The stock has broken above a significant resistance zone of 180-190, and it has successfully retested this level, indicating potential upward momentum.
Redington Ltd recently broke out of an ascending triangle pattern, suggesting a bullish continuation pattern.
A hammer candlestick has formed on the weekly timeframe, indicating potential bullish reversal sentiment among traders.
The stock found support at the 0.382 Fibonacci level, adding further confirmation to the bullish outlook.
Redington Ltd has broken out of a 3-year consolidation phase, signaling a potential shift in long-term trend direction.
The stock has been forming constant higher highs, indicating a consistent uptrend.
Redington Ltd is currently trading above both the 50 and 200 EMA on the weekly timeframe, suggesting sustained bullish momentum.
Increased trading volumes have accompanied the recent price movements, validating the strength of the breakout.
Target - 242 // 288
StopLoss - weekly close below 187
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@visionary.growth.insights
REDINGTON INDIARedington india, its a falling stock in downtrend, but for short term it will touch in two steps towords our target, so watch it, the move will be fast n u will get good profits fast too, risk hain toh ishq hain, but after achieving our targets stock will fall
REDINGTON INDIA A GOOD SWING TRADING IDEAThe stock price is at support levels. Stock has seen taking support at these levels multiple times in the past. RSI is at comfortable levels.
SHORT REDINGTON100 Week EMA got tested very brutally.
On the daily chart, price action is weak, expect levels to be 140 in a week or two.
Fundamentally company looks good!
*Educational Purpose*
Redington (india) LimitedNext Big move on Redington (india) Limited
Price could move to order block before falling down to a key level as depicted on the char. Please refer chart for more details.
Redington (india) LimitedNext Big move on Redington (india) Limited
Price could move to order block before falling down to a key level as depicted on the char. Please refer chart for more details.
REDINGTONChart pattern - Ascending Triangle Pattern
Volume Understanding - As price is increasing upside volume also increasing, that concludes the sign of bullish run
Price is trading near all time high with higher high higher lows
Time frame - Monthly
Flag Pattern (smaller Flag Patter)3 Years consolidation in one range, and breakout and made smaller flag patter breakout,
upto 6% Sl
Crossover - REDINGTON📊 Script: REDINGTON
📊 Sector: Trading
📊 Industry: Trading
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 222
🟢 Target 🎯🏆 - 235
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
REDINGTON go long ifit crosses 216
entry : 216
stop loss: 188.80 (12.60% risk involved)
target: 269.90 (25% gains with 12.60% risk involved)
Please invest only if one is capable of taking risk of 12.60% if it falls
I am not a SEBI registered individual , this is my personal trade idea and i am investing in it with proper risk management, please take advise from your financial advisor before investing into it.
Redington buy signalusing the scanner which i used yesterday got a buy signal.
bought it at 191
t1: 10%
sl : 5%
Redington BO and Retest pattern Breakout and retest pattern
Increase in Relative strength
Trades above mid and long term EMA with increase in volume and delivery
RedingtonFlag Breakout
Disclaimer: Intended for educational purpose only and it's not a buy or sell recommendation.
Keep an eye on this stockBreached the previous high and looks good for the long term
Fundamentals are amazing.
Do you due diligence also and watch.
REDINGTON MULTIPLE YEARS BRKOUTMultiyear breakout if sustains above 202 on weekly chart keep ur eyes for a multiple returns
REDINGTON - STRONG ALL TIME HIGH BREAKOUTEntry level triggered - 200
If falls again then you need to average at 160 level
Targets - 260,300+
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