PAGEIND - Bullish Divergence - Reversal structureThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support. Here we can see price taking support from that level many times. But not just that, it is also showing Bullish Divergence on RSI which shows that price can give upmove in coming days/weeks.
The company is also a leader in its segment with great market share. Hence it must be kept in radar
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
PAGEIND
PAGE INDNote:
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...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
#PAGE IND...looking good 24.05.23#PAGE IND... ✅▶️
take target upto 1350
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
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 !!
PAGEIND - Multi-year Retest Zone - Investment/Swing tradeThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently.
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
PAGEIND possible Elliot wave countsThis stock has completed wave 1 of higher degree wave cycle and now definitely we are in correction as wave 2 of same higher degree wave cycle, in which we are unfolding wave A of one degree lower wave cycle, in which possibly we are in wave iii or wave c of one more lower degree, that means possibly we are in wave iii or c of one higher degree wave A of one more higher degree wave 2, so we can unfold correction pattern as zigzag or as a flat or as an expanded flat as well. This post is not for any types of tips or advisory or any type of trading ideas, this is shared just for educational purpose only
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
#PageIndustry touched the previous demand zone#PageInd price came to touch the Demand Zone of 37800-39600 after making all time high of 50350. CMP is 40850 allmost 20% down from ATH price.
Strong fundamentals and can be added here with 37500 as SL for 15-20% upside from here.
Page Industry gave BO at 36200 in October 21 and achieved high in Oct'22. And now again at good buying level for midterm investment.
Page Industries - Long Setup, Move is ON...#PAGEIND gave an entry at 36412 on breakout.
Has moved from 36412 to 54026 levels.
It is now trading above Resistance 1 of 48823.
Next Resistance 2 is at 68917.
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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
PAGEIND - Breakout after 3 plus years - Investment + Swing TradeThe analysis is done on Monthly TF hence price may take few months to even couple of years in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Breakout in Page Industries...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.