Redington Limited – Momentum

Important Levels: Support: 285 – 275 Resistance: 320 – 340 Structure: Strong uptrend with healthy consolidation Business: Leading technology distributor across India, Middle East & Africa Benefits from growth in IT hardware, cloud and enterprise solutions Asset-light business model Earnings: Consistent revenue growth Strong cash flow generation Improving return ratios Verdict: 👉 Strong technology distribution play 👉 Momentum remains positive