Stock 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...
- 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
Looking at RSI, It can reverse from resistance or breaching of resistance will move towards T1 and T2.
All the levels are mentioned on the chart.
Disclaimer - Not a recommendation to buy or sell, view only for educational purpose.
My 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...
Buy 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.
Price bounced from the support zone on the higher timeframe and we can see clear impulse wave with the two HH and HL structure and also there is a trendline break confirmation, Now we need a clear buy signal to enter into the trade. This is the low-risk high-reward trade so look for the bigger target but take the entry on the lower time frame