Overall Technical outlook

Price Summary

Redington Limited's stock, on 2026-02-03 opened at 280.0, climbed to a high of 282.0, dropped to a low of 272.6, and closed up -1.2% at 276.65, with 1433799 shares traded.
Throughout the 52-week period, the stock hit a high of 329.7 and a low of 201.24.
The expected price range is between 170.0 and 330.0, with a mean anticipated price of 289.0, according to 5 analysts.

Technicals

Support and Resistance: The current price for REDINGTON is 276.65, supported at 264.83 with resistance at 281.1. This indicates a trading range where 264.83 might prevent further declines, while 281.1 could hinder additional gains.
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Support/Resistance for REDINGTON


Aroon: The AROON indicator shows a significant bullish trend, with the Aroon Up rising and the Aroon Oscillator reversing direction. This indicates a potential shift to an upward trend, suggesting that the market may be entering a phase of increased bullish activity. Investors might see this as a signal for potential gains as the market trend turns upward.
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Aroon chart for Redington Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Bolinger Bands chart for Redington Limited


Parabolic SAR: The PSAR has switched from bearish to bullish, hinting at a possible trend change. If this move is backed by other indicators, it could represent a very bullish signal. Traders should seek confirmation from other market trends to validate this potential reversal.
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Parabolic Stop and Reverse chart for Redington Limited


Stochastic: The STOCHASTIC is in a neutral stance for REDINGTON, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Stochastic chart for Redington Limited


Tripple Moving Agerage: The current alignment of the 20, 50, and 100 moving averages shows a bullish trend, but the slopes of the 20 and 50 SMAs are losing strength. This weakening momentum could indicate that a trend reversal is imminent, potentially leading to a bearish shift in price action. Investors should be cautious as the market's upward trend may soon come to an end.
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Tripple SMA chart for Redington Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.