VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds

Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
You are here : IndiaNotes >> Research & Analysis >> Companies >> Redington (India) Ltd. >> Research

Technical Call: Buy Redington for a target of Rs140

Nirmal Bang | 18 Nov, 2014  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 0.0 Based on 0 ratings)

-Daily chart indicates that stock has given a breakout of downward sloping trend line i.e. 108 levels with volumes which indicates an potential up move in coming trading session.

- The important oscillators RSI & MACD on the daily have turned positive which indicates limited downside potential.

- The prices are currently trading above the long term an average 50DMA which is a bullish signal.


CMP : 108.5

Action: Buy

Targets: 140

Stop Loss: 94

Duration: 2-3 weeks

  Read full report Click here to read the full report

147.65 -3.60
147.45 -3.60
Read More
About Nirmal Bang

Founded in 1986 by Nirmal Bang, the Nirmal Bang is recognized as one of the largest retail broking houses in India, providing an array of financial products and services. Their retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS. The Group is headed by Mr. Dilip Bang and Mr. Kishore Bang.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

Technical Calls

What are technical calls?

Other Articles

Have a question?

Investment Advisory Company - Financial Market Research and Consulting