REDINGTON - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.4

🖥️ Intraday Trading Analysis for REDINGTON

📊 Technical & Momentum Overview

Current Price: ₹288 — trading well above both 50 DMA (₹260) and 200 DMA (₹249), indicating strong bullish momentum.

RSI at 69.5: Nearing overbought territory — signals strength but caution for fresh entry.

MACD at 5.17: Bullish crossover with upward slope — confirms momentum.

Volume: 94.8L vs 3.89Cr average — significantly below average, suggesting reduced intraday enthusiasm despite price strength.

📈 Fundamental Snapshot

P/E of 15.1 vs Industry PE of 37.4: Undervalued, attractive for short-term trades.

ROCE (32.6%) & ROE (35.0%): Excellent operational efficiency.

Quarterly PAT Dip: ₹209 Cr → ₹200 Cr — minor decline, not a concern.

Institutional Activity: FII up (+2.01%), DII down (-1.22%) — net positive sentiment.

Debt-to-Equity (0.31): Financially stable.

PEG Ratio of 0.97: Fairly valued relative to growth.

🎯 Intraday Strategy

✅ Optimal Buy Price

Buy Zone: ₹285–₹288

Entry near current price with tight stop-loss; confirm with RSI holding below 70 and MACD slope rising.

💰 Profit-Taking Levels

Target 1: ₹292 (minor resistance)

Target 2: ₹296 (next resistance zone)

Aggressive Target: ₹302+ only if RSI crosses 72 and MACD continues to strengthen

🛡️ Stop-Loss

Stop-Loss Level: ₹278

Breach below this level signals breakdown risk and invalidates intraday setup.

🕒 Exit Strategy If Already Holding Today

Exit on Strength

If price nears ₹296–₹302 and RSI rises above 72 with volume surge, consider booking profits.

Exit on Weakness

If MACD flattens or RSI drops below 66 with price rejection at ₹292, exit partially.

Full exit if price breaks below ₹278 with rising volume.

REDINGTON offers a strong intraday setup today, backed by technical momentum and solid fundamentals. Ideal for breakout scalping with disciplined risk control. Let me know if you'd like to track this live or compare with other tech distribution or mid-cap value plays.

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