REDINGTON - Swing Trade Analysis

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

Swing Trade Rating: 3.2

🔍 Technical Insights

Current Price ₹288 sits just below DMA 50 ₹292 and comfortably above DMA 200 ₹250 — mildly bullish.

RSI at 40.7: Entering oversold zone, potential for bounce if reversal signs appear.

MACD at -0.58: Weak trend but nearing neutral zone.

Volume is above average: Some trader interest despite soft momentum.

📊 Fundamental Snapshot

P/E 19.2 vs Industry PE 34.4: Reasonably valued.

EPS ₹20.5 with a decent ROE (14.4%) and ROCE (18.9%) — strong fundamentals.

Book Value ₹112 vs CMP ₹288: Trading at ~2.6x book, acceptable for tech-distribution space.

Dividend Yield: 2.36%: Adds passive income while holding.

Debt-to-equity: 0.32: Solid financial health.

PAT Decline of −6.50%: Modest fall, but not alarming.

📈 Institutional Sentiment

FII Holding Up (+2.01%), while DII down −1.22%: Mixed but overall improving outlook.

🟢 Optimal Entry Price

₹270–₹275

Entry near support from 50 DMA breakdown levels.

Watch for RSI rising above 45 and MACD crossing into positive territory for confirmation.

🚪 Exit Strategy (If Holding)

Profit Zone: ₹310–₹320 — approaching previous highs and psychological resistance.

Stop-Loss: ₹260 — below support zone and 200 DMA.

Redington ticks many boxes for a medium-conviction swing trade. While its short-term technicals are still recovering, strong fundamentals and improving foreign institutional sentiment offer a platform for upside. Keep an eye on RSI movement and sector rotation cues — tech-linked plays often snap back fast when conditions align. Want me to spot similar value-rich setups or run a backtest on this one? 📉📊

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