redington ltd if it breaks 186.60 (i.e it breaks the golden ratio of fibb) then the prices will pump
REDINGTON trade ideas
Redington_65% upside potentialRedington or Redington Group is an organization of companies offering services and products in the field of mobile handsets, mobile accessories, information technology services, artificial intelligence, big data analysis, 5G communications, Internet of Things and supply chain management.
The company looks all set to move into a wave 3 structure now which can take the price from current 154 level to 250(a handsome 64% return).
The stock had completed its last impulse move in Dec.2022 and that was the Wave 1 high.
From Dec2022 till the most recent low of oct.2023, the stock was in a 10month long corrective wave 2 pattern.
The correction now seems completed(structurally all legs achieved) and therefore the stock should now look to advance towards the projected wave 3 target of 250 going forward into 2024.
Note*- This chart is for educational purpose only.
redington weekly--accumulatenear to channel bottom accumulate for a target of 240-260 . in 5th wave can achieve above target Yield is above 4.25 % .
Learn from Fail BreakoutFail breakout teach u biggest lesson in your life and in stock market also ... Never depend fully on anyone .....Manage your qty. always
REDINGTON - Bullish Swing ReversalNSE: REDINGTON is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Long Term Buy Redington India Also Recommend Buy @151 With Target ₹200
Is Almost Achieve And Today Again Recommended To Buy For Long Term.
REDINGTONLong can be initiated above 188 level with today's low as SL. Prior upmove with huge volume showing some institutional buying here. Now it is consolidating hence good upside can be expected from this level
Redington swing opportunity.NSE:REDINGTON
Script - REDINGTON
CMP - 185
Target - 200
TF - DAILY
if any doubt please ask.
keep support me.
For educational purpose only.
i am not sebi registered.
Do your own analysis.
Please consult your financial advisor.
Redington Ltd.C&H pattern formed on daily time frame.
Parallel Channel Breakout successful. RSI supporting.
Initial Target: 208
Redington retesting its breakoutRedington retesting its breakout.
We can go long from here with small stop loss
Redington breakout on weekly chartCMP 178.30 | Positive indicators and moving averages| Breakout on weekly chart with good volume | Bullish momentum
SL 165 | T1 - 200 | T2 - 240
*Not recommendation
This one heading for all time high!Redington is presume will break its 52w high of 179.20. The recent upmove retraced to 0.5 level of fibonacci. And it will break now the recent swing high, Can enter from this level.
RedingtonRedington- Can see it formed the Bat pattern and it hit the target and it may fall as per the pattern and target marked in Red.
Disc- Only for learning purpose not a trading Recommendation.
Redington Ltd.P&H Pattern: Monthly Basis
Strong Resistance at 153/157 Taken Out.
Strong Vol. Consolidation/Further BuiltUp
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Co. major player in Distribution/Supply Chain Solutions with 235+ International brands in IT/Mobility spaces serving 37 emerging markets.
39,500+ active channel partners, 70+ sales offices, 200+ warehouses.
In LongTerm, as high margin Cloud/Solar Products/Logistics services business Scale Up, it will aid margins.
Sales Improving on Qtrly/Yrly Basis.
Sharp Growth in RoA/RoE/RoCE (Double Digits) in FY22 vs. FY21.
Low Leverage. Improving TNW. Strong C&CE: Rs.3,646.8 Crs (FY22)
Improved WC Cycle/CF from Ops.
Promoter Stake Slightly Down.
FII/DII stake Marginally Up since Jun'22.
*Concern:*
Low Op. profit margins/WC intensive Operations/ Credit sales.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
Redington Monthly CMP 115Retest buying opportunity in a range of 107 to 98. With SL of 70(WCB) For a Target 180+
Redington Darvas boxRedington is consolidating in a range from 140 to 178 from past 8 months.
It is kind of flagpole pattern. Seems very bullish if it sustains above 180. A weekly closing above 175 can be a sign of breakout as well. RSI is becoming stronger.
Redington #Redington 166.75 to 230 #INFY #TCS #WIPRO #NIITLTD #Q#REDINGTON
NSE:REDINGTON
NSE:REDINGTON
NSE:REDINGTON
REDINGTON CMP 166.75
TARGET 220+
SL 155
TF < 6 months
RR > 3
Return > 40%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
REDINGTON LOOKOUT FOR TRENDLINE BREAKOUTREDINGTON has tried multiple time to give breakout of this trend line but failed so far. So look out for closing above & follow up for breakout
Redington ready to retest ATHSharing weekly chart. after good consolidation at lower levels, REDINGTON is trying to breakout. Next few weeks could be interesting!!
Have marked near resistances within the consolidation box
