REDINGTON today confirmed a Strong Base Formation after closing above major Levels RSI Showing Bullish Momentum and MACD turned Positive Today With Good Volumes.
Trade Setup: It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit): 234.25 Levels for Positional Trader.
Stop-Loss: Around 198.58 For Swing Trade and Recent Base for Positional Trader.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Nota
Couldn't Cross Yesterday High.
Wait as of now until Base is Protected.
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