PAGEIND trade ideas
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.
BUY LONGPAGEIND. 19620 S.L 18800 TAR 21250/21450/21680, maybe s.l hit dont exit, because again reach same buy LEVEL and get TARGET BUT time some long
1100 POINTS IN PAGEIND today (TRADE ANALYSIS)PAGEIND was selected as one of the long candidate for today and was shared with group last evening. (Yesterday's charts is posted below which has date stamp as well)
Level for long was given 18380 and it made intraday high of 19470 (1080 points).
Stock gave multiple opportunities to book out at this high level and even if you caught 70% of it then it is better than trading for whole week.
After retacement there was another entry using fibonacci in this stock.
Chart from last evening
Other stock given were ASIANPAINT & COLPAL, both of which worked perfectly. PIDILITIND was shorted with student and it gave small but confirmed profit.
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
Stop your hunt for holy grail strategies and focus on learning PRICE ACTION TRADING as this is the only process which works for anyone to be long term successful.
If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Cheers!
Piyush Gupta
