Page Industry: Bouncing from 55 SMA

After posting a solid set of Q3 numbers, stock correctly sharply over the last few trading sessions. It took support exactly at 55 SMA yesterday after a sharp sell off driven by news of CEO resignation. With Hands on promoters, I think resignation of CEO will not have a big impact on the Company and hence the stock is offering an interesting entry opportunity. We would recommend a positional buy with SL below yesterday's low