Cup Pattern - Red TapeCup Pattern Formation observed in NSE:REDTAPE in Daily and weekly
Technical Parameters
RS(Nifty) - Positive
RSI > 50
Entry: 810
Target: 900
SL 1: Super trend (10, 3)(Exit Half)
SL 2: RS NEGATIVE (EXIT HALF)
11.60 INR
1.76 B INR
18.43 B INR
38.49 M
About REDTAPE LTD
Sector
Industry
CEO
Shuja Mirza
Website
Headquarters
Noida
Founded
1996
ISIN
INE0LXT01019
FIGI
BBG01FYHKRH0
REDTAPE Ltd. engages in the manufacture and marketing of footwear and sports apparel and accessories. Its products are available through online shopping platforms, website, and physical stores. The company was founded by Rashi Ahmed Mirza in 1996 and is headquartered in Noida, India.
TRADE IN A RANGE....NSE:REDTAPE trade at 800 level. Stocks trade in an uptrend channel since last 1 year. You can watch for as a next resistance at 950 level.
Red TapeHas given a weekly breakout and at the Gann time transition level which shows a significant upwards rally towards the blue levels marked on the chart
SL DCB 769
Red TapeHas given a weekly breakout and at the Gann time transition level which shows a significant upwards rally towards the blue levels marked on the chart
SL DCB 769
Price at Supply zoneGood volume buildup in daily and weekly time frame.
All higher low are intact.
Price at supply zone wait for conformation.
Fundamentals are good.
FII & DII stakes are up.
Speculation: 1️⃣If Bangladesh economy remains unstable for long time, price may reject supply zone.
2️⃣Wedding season starte
BUY REDTAPEREDTAPE looks good above 462
A good ipo-base setting up, can do well if sustains 460 levels
with a SL of 4%
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of REDTAPE is 934.70 INR — it has decreased by −1.12% in the past 24 hours. Watch REDTAPE LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange REDTAPE LTD stocks are traded under the ticker REDTAPE.
REDTAPE stock has fallen by −3.38% compared to the previous week, the month change is a 17.01% rise, over the last year REDTAPE LTD has showed a 66.91% increase.
REDTAPE reached its all-time high on Oct 31, 2024 with the price of 980.00 INR, and its all-time low was 411.05 INR and was reached on Sep 7, 2023. View more price dynamics on REDTAPE chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
REDTAPE stock is 4.01% volatile and has beta coefficient of −0.20. Track REDTAPE LTD stock price on the chart and check out the list of the most volatile stocks — is REDTAPE LTD there?
Yes, you can track REDTAPE LTD financials in yearly and quarterly reports right on TradingView.
REDTAPE net income for the last quarter is 306.40 M INR, while the quarter before that showed 409.60 M INR of net income which accounts for −25.20% change. Track more REDTAPE LTD financial stats to get the full picture.
No, REDTAPE doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Nov 10, 2024, the company has 867.00 employees. See our rating of the largest employees — is REDTAPE LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. REDTAPE LTD EBITDA is 3.06 B INR, and current EBITDA margin is 17.42%. See more stats in REDTAPE LTD financial statements.
Like other stocks, REDTAPE shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade REDTAPE LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So REDTAPE LTD technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating REDTAPE LTD stock shows the buy signal. See more of REDTAPE LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.