Sharing 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
Redington if break out below 145 it will come to first support of 110 and 95
Redington reported excellent numbers Q3FY22 - Completed a nice C&H pattern on chart with increasing volume signals a likely continuation in a rising trend.
Entry: 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
Very strong stock Out parforme banchmark index and sectorel index. Higer delivery quantity. For swing trade.
Since 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.
Bullish 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
BUY 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 looking good on chart. Maybe its going towards All time High.
Redington 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+
#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...
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!
This chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
Redington 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...
Hold it for min 1 year. Because this stock fundamental is soo good.
The 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.
(Daily) - Breakout n retest - Target : 160 - SL : 141
This chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.