REDINGTON - IntraDay Trade Analysis with Live Signals

Last Updated Time : 20 Dec 25, 07:03 am

IntraDay Trade Rating: 3.5

📊 Analysis: REDINGTON shows moderate potential for intraday trading. RSI at 41.6 indicates neutral momentum, while MACD (-1.95) is slightly negative, suggesting mild bearishness. Current price (₹272) is above the 200 DMA (₹263) but just below the 50 DMA (₹277), reflecting short-term resistance but medium-term strength. Volume (8.26L) is below weekly average (14.0L), limiting intraday momentum strength despite strong fundamentals.

💡 Optimal Buy Price: ₹270–₹273 if price sustains above 200 DMA support.

🎯 Profit Exit Levels: ₹280–₹285 (near 50 DMA resistance).

🛡️ Stop-Loss: ₹266 (below 200 DMA support).

⏱️ Intraday Exit Guidance: If already holding, consider exiting near ₹280–₹285 if momentum weakens or volume fails to support breakout. Exit immediately if price drops below ₹266 intraday.

Positive

• 📈 Strong ROCE (32.6%) & ROE (35%): Indicates excellent capital efficiency.
• 📊 EPS at ₹17.9: Supports earnings strength.
• 💸 Dividend yield: 2.55% provides attractive shareholder returns.
• 📈 Price above 200 DMA: Reflects medium-term bullish bias.

Limitation

• ⚠️ Price below 50 DMA: Indicates short-term weakness.
• 📉 Volume below average: May limit intraday momentum strength.
• 🔻 Quarterly profit variance: -14% decline shows operational weakness.

Company Negative News

• 📉 FII holding reduced: -0.77% shows foreign investor caution.

Company Positive News

• 📊 Strong quarterly PAT: ₹532 Cr vs ₹200 Cr shows significant improvement sequentially.
• 📈 DII holding increased: +0.32% reflects domestic institutional confidence.

Industry

• 🏭 Industry PE: 32.7, higher than REDINGTON’s 15.1, highlights undervaluation.
• 📊 Sector demand: IT distribution & services sector remains resilient, supporting long-term growth opportunities.

Conclusion

⚖️ REDINGTON is a moderately good intraday candidate today with support at ₹270–₹273 and resistance near ₹280–₹285. Momentum is neutral, so trades should be cautious with tight stop-losses. Suitable for short-term scalping rather than aggressive intraday positioning.

Would you like me to extend this into a peer benchmarking overlay with other IT distribution/service stocks (like Ingram Micro, Savex, Supertron) for intraday comparison, or prepare a sector rotation basket for swing setups in technology distribution?