Redington Limited , Price action for 2nd Nov 2026

Redington Ltd (NSE: REDINGTON) ₹411.91 2 November scanner breakout level The stock ranked first in a 2 November breakout scan, with a score of 80.9 and a watch-above level of ₹411.91. ***** Intraday trading plan Parameter Price Entry ₹412.50 Stop-loss ₹406.50 Target 1 ₹418.50 Target 2 ₹424.50 Risk/reward to T2 1:2 Entry condition: Buy only if a 15-minute candle closes above ₹411.91 with strong volume. These are proposed trading levels, not independently verified live support/resistance levels. Position sizing Trading capital ₹50,000 Maximum planned risk ₹498 Quantity 83 shares Capital deployed ₹34,237.50 Target 1 profit ₹498 Target 2 profit ₹996 Before brokerage, taxes and slippage. Calculated using the proposed entry of ₹412.50. Important market condition Nifty faces resistance around 23,175–23,250. If the broader market weakens, avoid forcing a breakout trade. The Economic Times +1 My rules for tomorrow: Wait for the first 15 minutes. Do not buy below ₹411.91. Avoid chasing a gap-up above ₹417. Exit if stop-loss hits. Close the intraday position before market close. Important This is a conditional watchlist trade, not a guaranteed prediction. Verify live NSE prices and the chart before placing an order. My preference is Redington over chasing stocks that have already rallied sharply