ekveer
Long

Can PAGE break its previous highs?

NSE:PAGEIND   PAGE INDUSTRIES LT
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Can PAGE break its previous highs and end its 2 year consolidation and move into new territories?
- Looking at the volumes of past few days, it seems possible.
- GST             can help organized sector and can be an additional kicker

Disclosure: Invested from low levels and biased. Sharing only for educational purposes and cannot be treated as a solicitation to buy/sell/hold.
Trade active: Page attempted to breach its previous highs but wasnt able to close above its previous highs. However, I am hopeful that it will move into new territories.

Disclosure: Invested from low levels and biased. Sharing only for educational purposes and cannot be treated as a solicitation to buy/sell/hold.
Trade active: Price action on July 3rd suggests that the breakout and all time closing high didnt come with huge volumes. Normally for breakouts to sustain, volume is very important.

Price action of July 4th suggests that breakout may not sustain as opening and closing near the lower end of the candle with little more volumes than the previous day suggests profit booking or distribution.

Also, RSI at 70 can either push the stock to lower levels or consolidation and more fireworks are not to be expected.

Lets see how this plays out.

Disclosure: Invested from low levels and biased. Sharing only for educational purposes and cannot be treated as a solicitation to buy/sell/hold.
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