Search+Investment IdeasRedington Ltd. is showing strong upward momentum after breaking a key resistance on weekly charts.SynopsisRedington Ltd. is showing strong bullish signals after breaking a key resistance trendline on weekly charts. Experts suggest short-term traders can target over 300 levels. The stock has rebounded significantly from its 200-week moving average, with momentum indicators turning constructive. This positive outlook across multiple timeframes positions Redington for further gains, with a recommended stop-loss at 270.Redington Ltd, part of the trading & distribution industry, recently broke out from a downward sloping trendline resistance on the weekly charts which has opened room for the stock to head higher.Short-term traders can look to buy the stock for a target above 300 levels in the next few weeks, suggest experts.The stock hit a high of Rs 334 on 30th June 2025 but it failed to hold the momentum. It closed at Rs 286 on 26th June 2026 which translates BYETMarkets.com 3 mins readJul 01, 2026, 05:00:00 AM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership