By technical analysis ascending wedge with contionue previous downtrend formed indicating bearish movement
wait for breakout confirm by increasing volume, short with stoploss at 96.75 , targetprice at support zone.
Further if it breaks upwards target price should be 131.00 and stop loss at supprot on trend line.
MACD indicates continuous trend upwards i.e...
Redington India could head towards 120, if it breaks out above the trendline.
On a weekly closing above 120, we may see 155 levels in medium term. Support is in the zone of 87-90.
