Redington Ltd – Daily Technical View

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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