REDINGTON - Technical Analysis

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

📊 Technical Analysis for REDINGTON (Redington Ltd.)

Technical Rating: 3.1

📈 Trend Overview

Current Price: ₹288

50 DMA / 200 DMA: ₹292 / ₹250 — price is above long-term average, but below short-term, suggesting loss of momentum.

RSI (40.7): Bearish zone — approaching oversold territory.

MACD (-0.58): Bearish crossover — confirms downward momentum.

Volume: Slightly above average — active trading, but not bullish.

Conclusion: The stock is consolidating with a bearish bias.

🔍 Chart Patterns & Indicators

Bollinger Bands: Price near lower band — oversold conditions, possible bounce if support holds.

Support Levels: ₹280 (recent base), ₹265 (stronger support)

Resistance Levels: ₹292 (50 DMA), ₹305 (minor swing high)

Trendlines: Flat to slightly descending — no breakout pattern visible.

🚀 Momentum Signals

Short-Term Signal: Weak bearish momentum; MACD and RSI suggest caution.

Volume Trend: Slight uptick — may indicate bottom fishing, but lacks confirmation.

🎯 Entry & Exit Zones

Action Price Zone Rationale

Entry (Buy) ₹280–₹285 Near support, oversold conditions

Exit (Sell) ₹292–₹305 Resistance zone, potential rejection

📉 Market Sentiment & Fundamentals

FII Holding ↑, DII Holding ↓ — mixed institutional sentiment.

Quarterly PAT ↓ 6.5% — slight dip in profitability.

PEG Ratio (-6.74): Indicates valuation concerns despite earnings.

Debt-to-Equity (0.32): Healthy leverage — a positive.

Dividend Yield (2.36%) — attractive for income investors.

🧭 Final Take

REDINGTON is consolidating with signs of bearish pressure. Traders may consider short-term range-bound strategies, while investors should wait for a volume-backed reversal or fundamental improvement.

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