Sunday 23 April 2017

3 Years Falling Channel Breakout: Buy For Target 316+

Falling Channel Breakout: Buy For Target 316+

REDINGTON (INDIA) LTD.
Group :A ,Face value :2.00, BSE Code : 532805 ,Industry :Comm.Trading & Distribution
Market cap :Rs 5,036 Cr (Mid Cap)


LTP 126.

1.Three Year Falling Channel Breakout.
2.Stock is Trading above its all important Moving Avg.
3.Company has been maintaining a healthy dividend payout of 17.05%
4.RSI & MACD Breakouts.
5.Very Attractive NET SALE PER SHARE of 316 rs.
6.Debt to equity: 0.84
7.Stock PE is 11.21 Compared to its Industry PE of 31.


Watch Near 116/110 SL 100 Target 155(Short-term) 
Final Target 316+ (9/13 Months)


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