REDINGTON trade ideas
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
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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
Redington India Technical ViewRedington if break out below 145
it will come to first support of 110 and 95
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.
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.
