Inverse head and shoulder pattern in Redington good to add now for a target of 210 Sl 140
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...
Retest buying opportunity in a range of 107 to 98. With SL of 70(WCB) For a Target 180+
Redington 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 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...
REDINGTON 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
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...