This idea is a follow-up to Pageind
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Sell Page Industries if sustain below 44500 for the lower marked targets with the white line until 46000 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Page 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,...
Page Inds is following the long term range from october 2020 as can be seen in the chart.
The MA shows an uptrend, also the financials for the recent quarter shows an increase in revenue and netprofit although the Operation margin are down 3%, YoY the revenue is up and net profit are up with an operating margin is neutral.
Break above 43000 , may result in a...
as you can see page industries get a good volume yester day and previous days were also bullish so mine upcoming targets for this sstock is 45000 and above levels.this is mine opinion and should not be taken as opinion . Do your research as well.
Is it really a Flag Pattern on Candle Stick chart of Page Industries then we can see an upside of 25% soon but it needs to give a breakout from upper resistance line of Flag. Watch more at chart for better understanding.
The 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...
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.