Redington - more than 20% upside potential candidateRedington reported excellent numbers Q3FY22 - Completed a nice C&H pattern on chart with increasing volume signals a likely continuation in a rising trend.
REDINGTON trade ideas
RedingtonEntry: 169
1. A stage breakout on an hourly time frame.
2, Let there be a wide range candle at 169 with a volume spike
3. results are near so enter less qty
REDINGTON INDIAVery strong stock
Out parforme banchmark index and sectorel index.
Higer delivery quantity.
For swing trade.
Redington AnalysisSince the market is currently in panic selling mode but still a new level is observed here and it has respected it in last 2 hours and bounced back, still I am unsure about the situation we can buy once it respects the new level or else we should wait.
Do share your comments.
Triangle support zone tradingBullish above 150
(1 Day Close)
CMP: 148.85
Target 175, 222++
SL: 120
Risk is yours and Reward is too yours totally
Logic: Reversal near Support Line and also with Triangle
REDINGTONBUY
REDINGTON
Buy Entry @ 146
Target @ 172
Stop Loss @ 136
Risk Reward 1:2.6
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
REDINGTON INDIA LTD REDINGTON INDIA LTD looking good on chart. Maybe its going towards All time High.
Weekly breakout in RedingtonRedington
Came out of a consolidation along with spike in volume.
Weekly breakout is there in chart.
CMP 163,
SL 140 (Weekly Closing basis)
TARGET 185, 199, 210+
Looking great with sky volumes on DTF!#IMP POINTS
1.The stock has been in the consolidation from 176 days(6 months roughly).
2.Broke out exceptionally after the the good accumulation.
3.It is fundamentally sound stock with good quarter results is add on advantage.
4.It had broken up the triangle with strong volumes!
Note: Enter after breaking the yellow line with good volumes and can expect to move up '>10%' , decide the SL after breaking of yellow line.
Disclaimer: Holding the stock.
REDINGTON PRICE ACTION ANALYSIS 🎯30%+NSE:REDINGTON has a similar price action structure to BSE:RACLGEAR . Analysis done on chart showing that momentum may continue towards the upside.
Buy 30% of position now and enter rest after retrace.
Targets: 180/200/220
sl- below 136
Position size accordingly. HAPPY TRADING!
REDINGTON INDIA LTDThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
redingtonRedington is a leading distributor of technology & communication products and provider of services and solutions across various emerging markets. The company’s offerings include PC, Notebooks, Tablets, Printing Solutions, Servers, Storage, Software, Networking Solutions, Security Solutions, Smart Phones and Cloud.
Besides India and Turkey, its operations span across markets in South Asia, the Middle East and Africa. As a premier distributor for many global technology vendors, it leveraged a powerful network of thousands of channel partners.
Through two wholly-owned subsidiary companies, it also operates in the field of Third-party Logistics & Supply Chain Solutions and in the field of Repair and Maintenance of Technology Products & Infrastructure. These adjacencies allow the company to widen its coverage of technology distribution value chain.
Today, new-age technologies like Artificial Intelligence (AI), Robotics, Big Data and Analytics, Internet of Things (IoT), and 5G communications are opening new possibilities and new opportunities for tomorrow.
Business area of the company
The company is engaged in the business of distribution of information technology, mobility and other technology products besides supply chain solutions. The company has an operating branch in Singapore. The Company, its subsidiaries and associate operates in India, Middle East, Turkey, Africa, and South Asian countries.
Redington ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
REDINGTON INDIA LTDThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
Redington Retest ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Redington is trending 200 EMA and will bounce backRedington is trending 200 EMA and will bounce back
Redington - perfect for swing tradeIt has reached to the bottom and ready to move in 150 trajectory next week.
REDINGTON INDIA LTDThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
#redington bearish butterflybearish butterfly harmonic pattern
prz1 164.12
prz2 164.3015
prz3 162.6835
Redington - Channel Breakout - BullishRedington - Channel Breakout - Bullish; Plan your trade/investment.
#RedingtonGreat buying opportunity in the counter.
Buy Zone: 130-140
SL: 120
T1: 190, then ATH
Time horizon: 3-6 months
