PAGEIND
Page IndustriesDisclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
PAGEIND buy at 28100 (Risky trade)I will buy PAGEIND because :
It has been taking support at the trend line .
It has touched the support has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 28100
Target : 32250
Stop loss : 26856
Intraday Trade: watch for resistance breakoutbuy above 32210 stock has already broken a range around 31200
but keep qty less as this stock is not very liquid.
For Stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
PAGE INDUSTRIES ON 15 MIN CHARTThis analysis is on request of one of our followers.
Page industries on 15 min has formed a Descending triangle. Now the most confusing part of this price action pattern is that, it’s neither a reversal pattern or continuation pattern but in fact it’s called NEUTAL PATTERN, which means that this pattern can give a breakout or a breakdown or in simple words in can break upward approach downward & traders have to be ready to trade to the respective trend. The target is usually similar to the middle range price area of triangle.
Page has already given a breakout and achieved the given target set by the chart pattern. We suggest to hold on for some days & let the big players come in and take Page out of range market( haven’t entered yet, but it might end up in range).
#pageind 🩲🩱👙🧦👕lock down doesn't affect their businessNSE:PAGEIND
===============================================
BUY IS STAY ABOVE:- 28400
STOP LOSS:- 26400 CLOSING BASIS
TARGET :- 30000-32000-34000
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.