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Page Industries Limited : A Stock to be kept on RadarPage Industries Limited is an India-based company that is engaged in the business of manufacturing and trading garments. The Company offers knitted garments. The Company offers a range of products for men, women and children. The Company is engaged in the manufacturing, distribution, and marketing of Jockey products. It holds the license of SPEEDO, an international brand for swimwear. The Company's Jockey brand products are sold through exclusive brand outlets (EBO), large format stores (LFS), multi-brand outlets (MBO), traditional hosiery stores and multi-purpose stores spread across India. It also sells its products online. The Stock has just hit the Demand Zone and retested it once daily chart with a small green hammer too. The hourly Chart shows big Green candles supported by increased Volume. If the Stock gets support from demand Zone we may see the targets of 45,300 and 51558 in next three months. The RSI(14) is just 29.75 and indicating sold in over sold zone. Lets keep an close watch on this cash rich stock !!
NSE:PAGEINDLong
by chakraveer1104
PAGE INDPage Industries Limited is engaged in the business of manufacturing and trading of garments. The Company offers knitted garments. Current price is more than the intrinsic value Stock has been generating better return on equity than bank FD Stock doesn't offer attractive dividend returns Low probability of default in next 12 months PE Ratio 136.53 In last 3 months, foreign institutional holding of the company has increased by 1.34% Largecap With a market cap of ₹46,496 cr, Stock is 1.89x as volatile as Nifty Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:PAGEINDLong
by SENSITRADE_T
Page IndustriesPage 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 trade.chartadvise.com
NSE:PAGEINDLong
by Raja_Chart_Advise