REDINGTON | TECHNO-FUNDA ANALYSIS

Ltd – 1D Trend Description: After a prolonged correction, Redington has shown a strong bullish reversal candle near its key support zone around ₹250. The stock has regained momentum with volume confirmation, suggesting a possible short-term recovery toward higher supply zones. Support and Resistance Levels: Support: ₹259.90 / ₹249.27 / ₹230.83 Resistance: ₹300.50 / ₹313.50 / ₹334.95 Expected Move: Sustaining above ₹260 could push the stock toward ₹300–₹315 zones in the near term. Failure to hold ₹249 may lead to a retest of ₹230 support. Short Fundamentals Summary: Redington is a leading IT and mobility distribution company with consistent revenue growth, strong cash flow, and robust partnerships with global tech brands. Final Verdict: 📈 Bullish reversal setup — Above ₹260, momentum likely to continue toward ₹300–₹315; maintain ₹249 as key support.