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Ultra Swing Trading Advice 157 | Buy

POSITIONAL TRADING ADVICE

 BUY   Redington India Limited (NSE: REDINGTON)

Redington India STOCK RECOMMENDATION

CP# 130.85
Idea BUY
Buy Range 127.5 – 130.5
Target 141 – 143
StopLoss* 123
Duration 12 – 15 Trading Days
Potential Returns^ 9 – 11%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
130.85 BUY 127.5 – 130.5 141 – 143 123 12 – 15 Trading Days 9 – 11%

# CP – closing price on 05 Jan 2021.
* once 1st target hit, reset StopLoss at 136.
^ potential returns are calculated based on the median of buy range.

 Verify Ultra Swing Trading 157

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View Recommendation Date & Time

REDINGTON LIMITED SHARE TRADING UPDATE - POSITION & ACTIVITIES

Buy Redington (India) Limited by GoodluckCapital on TradingView.

  • 6 Jan 2020

    Ultra Swing Trading Advice - 157
    💡 Buy REDINGTON in 91 - 93

  • 14 Jan 2020

    Trade closed: target reached
    🎯 Target hit - 142.4

  • Absolute return per lakh capital
    ✔️ ₹9,161 (9.2%) in 8 Days

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MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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