Redington Ltd – Daily Technical View

📊 Redington Ltd – Daily Technical View The stock is trading inside a contracting triangle after forming a falling wedge, indicating a potential volatility expansion ahead. 🔍 Technical Setup: Price holding above short-term support zone 20 EMA is acting as immediate support Bollinger Bands are squeezing → breakout likely RSI is neutral with a positive bias 🔑 Key Levels: Support: ₹270 – ₹265 Resistance: ₹286 – ₹290 🎯 Upside Targets (on breakout): ₹305 ₹320 📌 View: Sustained move above ₹290 can trigger fresh upside. Below ₹265, structure weakens. ⚠️ For educational purposes only. — AALGO BREATHS