Pageindustries
PAGE IND BREAKOUT SWING / INTRADAY BUYPage ind has given Trendline BO on daily TF.
For Swing Buy on any dips (20200) WSL 20000 for target 20950, 22350
PAGEIND - Awaiting sharp correctionExpecting to touch 17500 and take a reversal or continue the correction till 16500 levels.
Fingers crossed. No positions. Just educational view.
PAGE INDU. A GOOD INVESTMENTkeep eyes on page inds. a good investment as par charts mention,
buying suggest above range broken to upper side and trend will clear
PAGE INDUSTRIES Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
PAGEIND Trading Setup (Page Industries Ltd.)Info on chart.
Wait for candle to close before entering.
To regain strength the stock will have to close above 24400The stock has taken support at a very important pivot. It made an gap down entry on Friday and was able to pullback. 22660 will serve as immediate resistance in the coming week above which the stock may pull up to 24100, 24600 & 25400 levels. However any failure to cross 22660 and a fall below 21600 may push the prices down to 19700. To regain strength the stock will have to close above 24400 aiming for 26590 levels. The MACD has turned bearish and RSI has lost formidable momentum on bullish side.
Page Industries Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
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
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PAGE INDUSTRIES | Hanging around crucial Weekly supportStock is trading below critical round number of 20000. 61.8% FIB level coincides at that price. Weekly close should be closely monitored.
If stock happens to close above 20000 on weekly basis, it would give some hope for the Bulls.
On the other hand if the stock closes below 20000 it could potentially trigger another round of selling. Visually, one can observe that a close below 20000 can lead us to believe that a Head & Shoulder pattern has been confirmed. From technical point of view the target comes at 3630. That indicates a fall of nearly 80%, which in reality is questionable (Currently Page Industries does not appear to be such a bad stock). Hence the recommendation would be to NEGLECT the pattern.
Hence, further fall if any could possibly get arrested on the Trendline T1(Blue) or at 17000 which is a very significant level as we could see on the chart.
(Note: Even though technically we cannot deny, Head & Shoulder pattern here can be taken as an example of limitations of Technical analysis wherein target comes at unrealistic levels. There're also cases where sometimes the target will be below 0 which we know can never happen)
Page Industries Short - Formation of an inverse H & S pattern
- Stock to hit 2200 levels before its starts moving in favour of pattern
- Macd shows massive divergence
- RSI shows negative divergence
- Volume is starting pick up on gradual basis
Page Industries Ltd. Buy at the target of Rs 28850.0 Trade NivehMy suggests is Page Industries Ltd Buy shares at the target price of 28850.0. Page Industries Ltd. . The current market price of rupees is 23579.1. Market Expert has fixed its period of 1 year, when Page Industries Ltd The price can reach its set target.
For the end quarter 31-12-2018, the report sold by the company is standalone - Rs 738.32 crores, 6.89% up, last quarter sales - from Rs 690.76 crores, and 18.89% over the same quarter last year sales - Rs 621.03 crores From In the latest quarter, the company has net profits after the reported tax of Rs 101.89 crore.
On 31-03-2019, the total amount of the company, 11,153,874 shares is outstanding.
SHORT TERM || LONG || PAGEINDUSTRIESBuy Page Industries on a dip for target of 22600 and sl below 20250. Buy on a dip for a better R-R. Start with a small quantity and add slowly if it goes down keeping the SL in mind and hence adjusting your volume accordingly.
