PAGEIND - Weekly AnalysisIn the Weekly Chart of PAGEIND ,
we can see that, it has made a Hammer candle.
Enter on breaking the candles High with low as SL and go very long for an year.
PAGEIND trade ideas
Channel breakout @pageindustryBullish on page industry
Soon reaching ATH
Financial suppose to be improve soon.
Available at good buy.
Great brand jockey as a competative edge
Overall a good buy.
Breakout flag channel
Long consolidation
PAGEIND : Took an initial entry for about 1.25% of the capitalFundamentals
Cons:
YoY revenue declined by 7.5%, and PAT experienced a significant 24% YoY decline.
The company faces reduced demand as consumers have already purchased goods during the COVID period, impacting fresh buy orders.
The decision to increase advertising spending comes during a period of reduced demand, potentially straining the company's financials in the short term.
Pros:
Page Industries is implementing an auto-replenishment system, showcasing a commitment to leveraging technology for sales and business model enhancement.
The Odisha plant is set to be activated by Q4FY24, indicating a strategic move towards expanding production capacity.
The company is actively expanding its distribution network, reflecting a forward-looking approach to reach new markets.
Page Industries is venturing into the Women's category, targeting a market with low penetration of organized premium products, presenting a potential avenue for growth.
An increase in advertising spending from 1.9% in Q1FY24 to 2.5% in Q1FY24 demonstrates efforts to maintain brand visibility and market share.
Technicals
Technically, the entry was taken in a key level which showed strength and buying power multiple times.
So decided to take an entry for about 1.25% of the capital. Will consider adding on to the position if the price crashes to the low of the parallel channel.
PAGEIND Setup is good for LONG TERM...!!I have bought 3 shares of PAGEIND. as it has good support at 36200.
Risk/Reward ratio is good, and mentioned the same in chart.
Its a positional trade with min 1 yr to 2 years time frame.
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
PAGEIND - Bullish Divergence - Reversal structureThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support. Here we can see price taking support from that level many times. But not just that, it is also showing Bullish Divergence on RSI which shows that price can give upmove in coming days/weeks.
The company is also a leader in its segment with great market share. Hence it must be kept in radar
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 from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Page Ind LONGStock is at good demand zone.
one can go long for swing trade at 36500 with stoploss 34480 and targets 38500/39500/41500++
do your own research before investing.
only for educational purpose.
Page- 8 ka funda <300 O > HPage- 8 ka funda <300 O > H
1) Consolidation Darvas
2) O > Pre H
3) near breakout trend line
4) Resepecting Support
Early signs of turn aroundib - On the weekly chart the stock is at Fib support which is also previous swing low. On the hourly chart the stock has taken Fib confluence as support. Hence its a good place to buy for investors as well as for traders. R1 39250 R2 42K and stop has to be below 47600.
Pageind at support levelsMultiple times support taken from support levels turned from resistance levels earlier on longer timeframe chart levels
A probable bottom !!On the weekly charts the stock is at fib support. On the hourly charts the stock is now showing early signs of strength. The stock is a buy at CMP of 37436.40 R1 38400 R2 40140.
$NSE:PAGEIND Generate Passive Wealth. SIP when herds are fearfulNSE:PAGEIND Generate Passive Wealth. SIP when all herds are fearful.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
A rally likely post results!!The stock has made a positive divergence with the RSI. So we have a short term reversal signal. All the three Moving averages are together. So we know it is at an imp point. With results tom. In my view this stock is headed higher towards 39700 to 49700.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Parallel Channel
📌 Symbol/Asset: PAGEIND
🔍 Description: Stock is making parallel channel and its around the support. We can see good bounce from here.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
PAGEIND - Weekly AnalysisIn the Weekly Chart of PAGEIND ,
we can see that, it has respected the range.
From next week onwards we might see upward momentum.
PAGE INDUSTRIES LTD. (Move Upto 30%)Stock Name-PAGE INDUSTRIES LTD.
.
TF-1M
.
For Mid to Long term
.
Entry above 43600 (In weekly closing)
.
SL-Low of Breakout candle (Keep buffer of 150-200 points)
.
Targets-46940, 50200, 52100 &
If prices sustain above ATH, then we see a target of 56900.
.
Only my view.
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
PageIndafter making double bottom
page is cross the resistance formed earlier, it may try to test the red line in current move in 3 week
Page IndustriesAfter long downtrend stock is coming into uptrend recent fall did not extend and is breaking previous highs
right time to buy page industriesIt has near term bottom
good time to buy
CURRENT PRICE-36100
MEDIUM TERM TARGET-43300
LONG TERM TARGET-51000
PAGEIND - Weekly AnalysisIn the Weekly Chart of PAGEIND ,
we can see that; 3 weeks ago the chart was shared on formation of Bullish Hammer Candle.
It has given a good up move of 10% in 3 weeks.
Let it retest the Fibo Level as shown in chart and GO long.
PAGEINDParallel channel was first broken in Jan 2023
what we saw yesterday was follow through selling. even below 34000 it may test 26k
will review again if 15k may be test or not. that all depend how it bounce from 26k
BUY PAGE IND @ 39000tredn BReakout with volumes, stock looks good to buy here for the target on 41000
PAGE INDUSTRIESPage industries a good fundamental strong company. A trend reversal can be seen in this stock. One can go long above the price with given SL and Target.
