My Picks
- Thread starter padiyaraa
- Start date
Redington (I) Ltd: 112
A careful answer is, nothing much
can change in 2-3 months as per the technical point of view, but
any major fundamental change can make a difference. In 6 months,
if a break out happen it could be upward, can make a new high
almost 65 points from break out will be around 175 something.
A symmetrical triangles (neutral) represent disinterested periods of doubt and indecision,
characterized by a series of higher lows and lower highs as the supply and demand
are nearly equal. Each rally is seen as a selling opportunity while each dip
is met with buying. The pattern is typically large and takes several months
or more than a year to form.
People abandon such stock, that trades very long with little movement
and when an extremely large pattern forms one can never be sure which
way it will break until it actually happens, means rarely give any clues
until the breakout.
but my view is positive, only on breakout.
Company is classified below average performer in my list for long time now so I don’t like Redington for investment.
A careful answer is, nothing much
can change in 2-3 months as per the technical point of view, but
any major fundamental change can make a difference. In 6 months,
if a break out happen it could be upward, can make a new high
almost 65 points from break out will be around 175 something.
A symmetrical triangles (neutral) represent disinterested periods of doubt and indecision,
characterized by a series of higher lows and lower highs as the supply and demand
are nearly equal. Each rally is seen as a selling opportunity while each dip
is met with buying. The pattern is typically large and takes several months
or more than a year to form.
People abandon such stock, that trades very long with little movement
and when an extremely large pattern forms one can never be sure which
way it will break until it actually happens, means rarely give any clues
until the breakout.
but my view is positive, only on breakout. Company is classified below average performer in my list for long time now so I don’t like Redington for investment.
Last edited:
Nifty: 8780
Support: 8772_8738
Resistance: 8814 will struggle to move up 8814_ 8855
Break below 8738 will see 8540.
Trend line & the moving average 34DEMA is supported, still not able to make a decisive move,
making a long legged doji in daily chart make more confusion,
that destroys the sense to smell the cheese.
But definitely we are in a bullish trend as the indicators are in positive zone, MACD is well above
the Zero line, RSI14 supported at 50 and is above 50 now in short, we are moving to new high,
but as I mentioned earlier, waiting for some spring board that could be a correction or a news anything.
The week is crucial with FOMC the Fed meeting US & BOJ. AdvacceTax, GST, or a Monsoon review whatnot may change situations.
Support: 8772_8738
Resistance: 8814 will struggle to move up 8814_ 8855
Break below 8738 will see 8540.
Trend line & the moving average 34DEMA is supported, still not able to make a decisive move,
making a long legged doji in daily chart make more confusion,
that destroys the sense to smell the cheese.
But definitely we are in a bullish trend as the indicators are in positive zone, MACD is well above
the Zero line, RSI14 supported at 50 and is above 50 now
in short, we are moving to new high, but as I mentioned earlier, waiting for some spring board that could be a correction or a news anything.
The week is crucial with FOMC the Fed meeting US & BOJ. AdvacceTax, GST, or a Monsoon review whatnot may change situations.
Watch Coal India : 313 , The last bullish candle is incomplete,
But it gives a bullish outlook, after the 2 consecutive hammer
in monthly chart. next RES:346, stop 304
Consider there are so many negatives in the sector, the business drastically impair etc.
and always study well before you enter in to a trade / investment.
For me I it is a good scrip to have in one’s portfolio (274% dividend last FEB)
Also watch Rural Electrification 163.4 is bottoming
But it gives a bullish outlook, after the 2 consecutive hammer
in monthly chart. next RES:346, stop 304
Consider there are so many negatives in the sector, the business drastically impair etc.
and always study well before you enter in to a trade / investment.
For me I it is a good scrip to have in one’s portfolio (274% dividend last FEB)
Also watch Rural Electrification 163.4 is bottoming
realty & IT stocks (posted with caution notes) did not move as expected
while some are broke the Stop Level also.
Adani Ports : 178
The stock is almost 62% below its peak now, near a double bottoms &
made an inside bar in the last trade. This give me a hope for a reversal,
however the strategy for inside baris to trade on break out side.
So watch the child bar & see which side it is moving.
180 is stop for long & 170 is the stop for short.
read the total retracement as 62%
monthly chart
The stock is almost 62% below its peak now, near a double bottoms &
made an inside bar in the last trade. This give me a hope for a reversal,
however the strategy for inside baris to trade on break out side.
So watch the child bar & see which side it is moving.
180 is stop for long & 170 is the stop for short.
read the total retracement as 62%
monthly chart
DELTA CROP
Technically not sound as the monthly MACD falls in negative zone,
it will have strong resistance in the falling channel top around 85.
On breaking 85 and then 94 level it can definitely show three digits
Fundamentally not bad, the stock give a good return every time it
touches the bottom as it make a consistent profit Gain,
But slow down business doesn’t allow further advancement.
Its contingency liabilities are greater than the average turnover is a concern too.
Technically not sound as the monthly MACD falls in negative zone,
it will have strong resistance in the falling channel top around 85.
On breaking 85 and then 94 level it can definitely show three digits
Fundamentally not bad, the stock give a good return every time it
touches the bottom as it make a consistent profit Gain,
But slow down business doesn’t allow further advancement.
Its contingency liabilities are greater than the average turnover is a concern too.
Congrats Dr:AK.
:clapping: remember delta has improved its June quarter, hope you were following that.
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