PAGEIND trade ideas
Swing Trade opportunity in PAGEIND Entry @ 18.9kStock 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
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
Trendline and Horizontal Support Confluence Buy on reversalTrendline and Horizontal Support Confluence Buy on reversal.
Buy above 19500,sl-18900,target-21000
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.
#PAGEIND CASH : Strong resistance 20250#PAGEIND CASH
02.08.2020
STRONG RESISTANCE 20250
Looks good above 20260
STOPLOSS 19800
TGT 20700/21000
CMP 19820
PAGEIND Pageind retraced from golden ratio and also has falling wedge which confirms a very sharp upward movement. targets on chart
page - go for longBut from cmp to 19780
easy tg - 21000
positional tg - 21700
sl 2 consecutive 1 hr candle close belwo 19675
Disclaimer : This is my personal analysis for study purpose not intended for trading
Positional/ Intraday Stock has potential and enough volume baking to move 1-2k within a day
If target achieved then please do not convert position to carry overs ,just book and move out
Index bit stuck in range so move may come in a day or may not
If stop loss hits then just move out, don't try to hold on to loosing trades to loose more.
Stay cautious on index.
Stop loss on closing basis.
Risk _ Reward ratio is 1:2/2.5 as usual .
I'll update if we wanted to carry over the profitable position.
Head and Shoulder - Weekly Time FramePage Industries is making Head & Shoulder Pattern on weekly time frame. Weekly close below 16,250 and the stock is good to short.
page industriesshowing 60 bullish trend .price moving in upward channel. rsi above . daily chart showing momentum trading above tenken and kijun. resistance faced at 21000 level above that quick move to 24000 can be seen.
