REDTAPE technical summary

At ₹106.8, Redtape Limited is trading 7.3% below its 50-day average of ₹115.22 and 14.1% below its 200-day average of ₹124.35. The 14-day RSI is 40.2, in the neutral range between 30 and 70. MACD is -3.18 against a signal line of -3.24, so the MACD line sits above its signal line. ADX(14) reads 21.9, an emerging trend (20 to 25); ADX measures trend strength, not direction. The 52-week range is ₹102.85 to ₹158.99, with the price 7% of the way up it. Classic daily pivot levels from the 3 Nov 2026 session: pivot ₹107.89, resistance ₹109.63 and ₹111.32, support ₹106.2 and ₹104.46.