$REDINGTON - Bearish Continuation

Redington continues to trade below a well-defined falling trendline, with each rally being met by lower highs—a classic sign of a bearish structure. The downtrend remains intact until the stock can decisively reclaim this descending resistance. The recent bounce from the ₹195–₹200 region indicates short-term buying interest, but price is still far from confirming a trend reversal. The immediate hurdle lies near the trendline resistance around the ₹245–₹250 zone. For now, the stock appears to be in a counter-trend recovery within a broader downtrend. A breakout above the falling trendline would be the first indication that sellers are losing control, while continued rejection would reinforce the bearish trend continuation narrative. $REDINGTON