Redtape Technical Analysis

Redtape Ltd Technical Analysis

Redtape Ltd technical analysis is gaining attention among traders and investors tracking Redtape Ltd Technical Analysis trends in the Indian stock market. Redtape Ltd (NSE: REDTAPE, BSE: 543957) is currently trading at ₹134.13, showing a 0.17% move as of Sat, Jun 20, 2026.

This detailed Redtape Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Redtape Ltd Stock Overview

Redtape Ltd operates in the Retail trade sector under the Apparel/Footwear retail industry. With a market capitalization of ₹7402.09Cr and a PE ratio of 30.85, Redtape Ltd remains a key stock to watch in Redtape Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹7402.09Cr
• PE Ratio: 30.85
• Dividend Yield: 0
• Sector: Retail trade
• Industry: Apparel/Footwear retail

These fundamentals play an important role in Redtape Ltd technical analysis and valuation tracking.

Redtape Ltd Support and Resistance Levels

Classic Pivot Levels

In Redtape Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 216.97
• Resistance 2: 178.29
• Resistance 1: 158.90
• Pivot Point: 139.61
• Support 1: 120.22
• Support 2: 100.93
• Support 3: 62.25

Conditional Insight

Redtape Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 120.22 and 100.93.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Redtape Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 178.29
• Fibonacci R2: 163.51
• Fibonacci R1: 154.38
• Fibonacci Pivot: 139.61
• Fibonacci S1: 124.83
• Fibonacci S2: 115.70
• Fibonacci S3: 100.93

Redtape Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Redtape Ltd Moving Average Analysis

Moving averages are key indicators in Redtape Ltd technical analysis for identifying trend direction.

• 10 EMA: 134.11
• 20 EMA: 133.95
• 30 EMA: 133.04
• 50 EMA: 130.98
• 100 EMA: 128.67
• 200 EMA: 130.82

Trend Logic

Redtape Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Redtape Ltd technical analysis remains positive above 200 EMA.

Redtape Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 51.59
• MACD: 0.71
• Signal: 1.26
• ADX: 32.97
• Momentum: -0.69

RSI Logic

Redtape Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Redtape Ltd technical analysis indicates bearish momentum with MACD below signal line.

Redtape Ltd Overall Recommendation

• Overall Recommendation Score: 0.31
• Moving Average Recommendation: 0.53
• Other Indicators Recommendation: 0.09

Overall Redtape Ltd technical analysis sentiment remains neutral with mixed signals.

Redtape Ltd Technical Analysis Conclusion

Redtape Ltd technical analysis suggests that traders should closely monitor price action around ₹134.13 and key pivot level 139.61. Breakouts above resistance or breakdown below support will define the next trend in Redtape Ltd technical analysis.

Investors searching for Redtape Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Redtape Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.