REDINGTON INDIA för NSE:REDINGTON av CuriousChartist

trendanalysis chartpattern indicator redington divergence educational lowriskhighrewardplay

A Tale of 2 Parallel Channels
Awaiting the breakout at the intersection.
Divergence Spotted.

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So it seems the Ascending channel is providing a resistance. Well, the overall sentiment of the markets the past week was also in the negative so we can't really say this resistance was stiff since it still managed to hold on to its previous week price in spite of slipping during the week.

Having said that, any entry here should be only when it crosses 150 on closing basis. Till then it is just a watch and observe stock.

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*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.

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