Page Inds is following the long term range from october 2020 as can be seen in the chart.
The MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 3%, YoY the revenue is up and net profit are up with an operating margin is neutral.
Break above 43000 , may result in a upleg till 56000, with a SL at support region i.e 38400-37600.
If it consolidated further can a good buying opportunity on break of the trendline.
Risk to Reward- 1:4
(The charts are in Log Scale)
The MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 3%, YoY the revenue is up and net profit are up with an operating margin is neutral.
Break above 43000 , may result in a upleg till 56000, with a SL at support region i.e 38400-37600.
If it consolidated further can a good buying opportunity on break of the trendline.
Risk to Reward- 1:4
(The charts are in Log Scale)