REDINGTON - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.1

REDINGTON shows moderate potential for intraday trading today. It's sitting near a short-term support with slightly elevated volume, but technical indicators like RSI and MACD are still subdued. A cautious entry may work for scalpers—though broader conviction is still missing for directional plays.

📊 Technical Snapshot

Current Price: ₹288

Trading just below 50 DMA (₹292), but well above 200 DMA (₹250) → Short-term pressure, long-term trend intact

RSI: 40.7 → Bearish bias, needs a push above 45 to invite momentum traders

MACD: -0.58 → Weak, not yet confirming reversal

Volume: 20.35L (vs 1Wk Avg 16.53L) → Liquidity is present, potential for intraday swings

🎯 Intraday Trade Strategy

✅ If initiating a new trade

Buy Zone: ₹286–₹288 (near intraday support + confirmation with RSI >42)

Profit Booking Zones

Target 1: ₹293 → conservative scalp near DMA50

Target 2: ₹298 → if volume surges >22L and RSI crosses 47

Stop-Loss: ₹282

🔄 If holding already

Hold Strategy: Stay long if price remains above ₹286 and RSI inches upward

Partial Exit: ₹293–₹295 if MACD doesn’t flatten or candles show upper wicks

Full Exit: Near ₹298 if price stalls and volume retreats

Emergency Exit: Below ₹282 on red candle + volume spike

🧾 Fundamental Overview

Metric Value Commentary

EPS ₹20.5 Solid earnings base

P/E vs Industry 19.2 vs 34.4 Undervalued → long-term positive, short-term neutral

ROE / ROCE 14.4% / 18.9% Operationally strong

PEG Ratio -6.74 Negative growth sentiment weighing on valuation

Profit Variation -6.5% QoQ Slight earnings dip, not alarming

Debt/Equity 0.32 Light leverage → financial stability

FII/DII Activity Net FII inflow, DII exit Mixed institutional sentiment

⚠️ Final Take

While REDINGTON has decent fundamentals and is attracting FII interest, its technical indicators haven’t turned bullish yet. Intraday trades can work, but only with volume confirmation and disciplined exits.

Want help scanning similar undervalued tech or distribution stocks with stronger short-term momentum and RSI setups? Let’s build out a tactical shortlist 📦📈.

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