This 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...
TRADE SETUP !
CHART PATTERN !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
NSE:PAGEIND
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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...
THE STOCK IS SHOWING SIGNS OF ACCUMULATION AMONG NEGATIVE NEWS WHICH SAYS TO ME THE BIG GUYS ARE INTERESTED.
MAKES SENSE TO ME AS IT IS AT A REASONABLE PRICE .
GOOD LUCK
Stock is current at strong support and trading within an ascending triangle.
Two ideas:
1) Go Long for short term swing trade
Entry ~ 18.9k
SL ~ 17.7k
Target ~ 21.1k
2) Can be accumulated from a long term view
