Redington - Uptrend in Progress!📈 NSE:REDINGTON
🔹 Current Price: ₹243.97 (+0.43%)
🔹 Support Zone: ₹240
🔹 Target Price: ₹323
✅ Stock following an ascending trendline
✅ Retesting breakout zone – bullish momentum expected
✅ Gradual higher highs indicate strong buying interest
🚀 Potential for a rally towards ₹323 if support holds!
For study purpose ONLY. Never a Buy/Sell Reccomendation❌
#Redington #StockMarketIndia #Trading #BreakoutStocks
REDINGTON trade ideas
Breakout Stock Redington Limited has recently exhibited a technical breakout, surpassing key resistance levels with notable trading volume. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a strong bullish momentum. The stock's price has consistently remained above its 20-day Simple Moving Average (SMA), reinforcing the upward trend. Additionally, the Average Directional Index (ADX) indicates a strengthening trend, while the Chaikin Money Flow (CMF) points to increased buying pressure. These factors collectively highlight Redington as a compelling opportunity for investors seeking momentum-driven growth.
REDINGTON--portfolio stock redington is making inverse head and shoulder formation ( complex) .and on breakout at 215 stock to make new high with breakout trg of 244 . management has given guidance of 20-25% growth every year for next 2 years low PE high dividend yield stock. 5th wave trg of 260 is in range and can get extended.
Redington looking red hot. Redington Ltd. provision of machinery, equipment and supplies. It includes computers, computer peripheral equipment, software, electronic, and telecommunications equipment and parts. It operates through the India, and Overseas segments.
Redington Ltd. CMP is 193.37. The Negative aspects of the company are MFs decreased their shareholding last quarter. The positive aspects of the company are Attractive Valuation (P.E. = 12.5), Company with Low Debt, Company with Zero Promoter Pledge, Dividend yield greater than sector dividend yield, High Volume, High Gain and Stocks Outperforming their Industry Price Change in the Quarter.
Entry can be taken after closing above 199 Targets in the stock will be 204, 212 and 220. The long-term target in the stock will be 225 and 236. Stop loss in the stock should be maintained at Closing below 180 or 169. depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 15 Days, whether Target / Stop loss Hit or Not.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Note: Entry above High Only as shown on Chart as it is the confirmation of Trend Continuation
SWING IDEA - REDINGTON LTDA potential swing trade opportunity in Redington Ltd , a leading distributor of technology products and supply chain solutions.
Reasons are listed below :
The stock has broken above a significant resistance zone of 180-190, and it has successfully retested this level, indicating potential upward momentum.
Redington Ltd recently broke out of an ascending triangle pattern, suggesting a bullish continuation pattern.
A hammer candlestick has formed on the weekly timeframe, indicating potential bullish reversal sentiment among traders.
The stock found support at the 0.382 Fibonacci level, adding further confirmation to the bullish outlook.
Redington Ltd has broken out of a 3-year consolidation phase, signaling a potential shift in long-term trend direction.
The stock has been forming constant higher highs, indicating a consistent uptrend.
Redington Ltd is currently trading above both the 50 and 200 EMA on the weekly timeframe, suggesting sustained bullish momentum.
Increased trading volumes have accompanied the recent price movements, validating the strength of the breakout.
Target - 242 // 288
StopLoss - weekly close below 187
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Crossover - REDINGTON📊 Script: REDINGTON
📊 Sector: Trading
📊 Industry: Trading
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 222
🟢 Target 🎯🏆 - 235
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
REDINGTON go long ifit crosses 216
entry : 216
stop loss: 188.80 (12.60% risk involved)
target: 269.90 (25% gains with 12.60% risk involved)
Please invest only if one is capable of taking risk of 12.60% if it falls
I am not a SEBI registered individual , this is my personal trade idea and i am investing in it with proper risk management, please take advise from your financial advisor before investing into it.