Page Industries had declined sharply since April until August where the stock managed to enter into a consolidation and in the interim created a nice rounding pattern that eventually lead it to a breakout above its value resistance zone around 21000. These zones also happen to be a gap area that has managed to halt the prices after its strong breakout seen in end September. Prices reacted from thereon to form a base at crucial supports which is also coinciding with the gap region and is 50% of the entire rise seen in the previous month. With another rounding formation potential bullish moves are underway and we can expect the price to test levels around 23600. MACD too has indicated a fresh buy opportunity along with RSI rebounding from Neutral Zone. All this augurs well for the prices and we can expect some strong move in the coming days.
Idea Sourced From
NeoTrader
https://trade.chartadvise.com/dm
Idea Sourced From
NeoTrader
https://trade.chartadvise.com/dm
Trade closed: target reached:
This trade worked beautifully and witnessed a terrific run . The stock gave a return of 10% in 5 trading sessions since it was shared here. A remarkable find that helped only those who believed in what I said.Now those who are looking to buy should look at levels around 23800-24000 to buy into.