Redington_65% upside potential
Redington or Redington Group is an organization of companies offering services and products in the field of mobile handsets, mobile accessories, information technology services, artificial intelligence, big data analysis, 5G communications, Internet of Things and supply chain management.
The company looks all set to move into a wave 3 structure now which can take the price from current 154 level to 250(a handsome 64% return).
The stock had completed its last impulse move in Dec.2022 and that was the Wave 1 high.
From Dec2022 till the most recent low of oct.2023, the stock was in a 10month long corrective wave 2 pattern.
The correction now seems completed(structurally all legs achieved) and therefore the stock should now look to advance towards the projected wave 3 target of 250 going forward into 2024.
Note*- This chart is for educational purpose only.
The company looks all set to move into a wave 3 structure now which can take the price from current 154 level to 250(a handsome 64% return).
The stock had completed its last impulse move in Dec.2022 and that was the Wave 1 high.
From Dec2022 till the most recent low of oct.2023, the stock was in a 10month long corrective wave 2 pattern.
The correction now seems completed(structurally all legs achieved) and therefore the stock should now look to advance towards the projected wave 3 target of 250 going forward into 2024.
Note*- This chart is for educational purpose only.
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