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Stock analysis Redington (India) Limited REDINGTON

More indepth analysis on MunafaSutra.com

Moving Averages for Redington (India) Limited

  • 5Day Average: 184.45
  • 12Day Average: 186.1
  • 20Day Average: 188.37
  • 50Day Average: 195.49
  • 100Day Average: 203.03
  • 150Day Average: 206.21
  • 200Day Average: 201.87

REDINGTON Indicators & signals

Indicator MACD (12,26,9)

186.41, 190.17, -3.78
Indicator MACD is in negative zone

Indicator ADX (14)

18.86, 13.25, 19.4
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of REDINGTON Redington (India) Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Tue Oct 2024 184.81 183.81 to 186.10 0.15% 0.38 times
07 Mon Oct 2024 184.54 180.45 to 187.49 -0.12% 0.94 times
04 Fri Oct 2024 184.77 179.95 to 185.60 1.32% 1.55 times
03 Thu Oct 2024 182.37 181.10 to 186.27 -1.83% 0.56 times
01 Tue Oct 2024 185.77 185.05 to 192.65 0.6% 2.01 times
30 Mon Sep 2024 184.67 183.25 to 187.86 -1.21% 0.55 times
27 Fri Sep 2024 186.93 182.40 to 190.00 0.61% 1.35 times
26 Thu Sep 2024 185.79 183.71 to 187.90 -0.28% 0.63 times
25 Wed Sep 2024 186.31 182.23 to 189.35 -0.72% 0.89 times
24 Tue Sep 2024 187.66 187.02 to 191.84 -1.31% 0.51 times
23 Mon Sep 2024 190.15 187.30 to 191.09 0.37% 1 times
20 Fri Sep 2024 189.44 189.00 to 193.20 -0.97% 0.8 times

Technical analysis forecast for Redington (India) Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Redington (India) Limited REDINGTON at this time. Stock is falling and might fall more.

It appears as if Redington (India) Limited REDINGTON gave a large move recently.

Stock of Redington (India) Limited (REDINGTON) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Redington (India) Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Redington (India) Limited stays below 185.3, but if it comes above 185.3, then a intra day buy could be more profitable.
If you take a sell trade below 185.3, then use 185.3 as stoploss and 181.3 as target. However if you take a buy trade in Redington (India) Limited, then use 185.3 as stoploss and 188.64 as target.

More indepth analysis on MunafaSutra.com