Page Industries presents a compelling investment opportunity, supported by both technical indicators and robust fundamentals.
Reasons are listed below :
Technical strengths :
The psychological level of 35,000 has shifted from a resistance point to a strong support level, reflecting market confidence in the company's prospects.
The formation of a hammer...
It seems PAGE INDUSTRIES one Elliott wave cycle is going to finish. The wave 2 is under progress. Price may be seen near 50-61.8% range of wave 1.
This is not a buy sell recommendation, please do your own research to enter any trade.
Thank you for watching this please follow for more such ideas.
Regards
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You...
Page Industries the company which sells undergarments and other clothes under its brand name Jockey is 33% down from its all time high. As Bharat is developing and the aspirations of all our brothers and sisters are increasing premium brands like Page Industries will gain a premium in their prices too. It can be a good buy for long term investing.
Perfect long-lagged Doji on chart bottom.
A reversal candle done, wait for confirmation if price above the candle high. Go for long
Risk reward very good
Nice chart setup for long.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
Page Industries Ltd. is the exclusive licensee of JOCKEY International Inc. (USA) for the manufacture, distribution, and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE. The Company is the exclusive licensee of Speedo International Ltd. for the manufacture, marketing, and distribution of the Speedo...
Forming double bottom with the base of 36k.
Coudnt break the level.
Breakout from above resistance has been given.
Lets see if it cross above resistance.
In this study, I have analused Page Industries on weekly time frame. If you scroll back, I identified bullish divergence earlier, which surged the stock by more than 60%. Now again, after rise in cotton prices due to Ukraine war and rising inflation, Page industries had corrected.
Now, I have proved bullish reversal as can be seen clearly. Buy levels have been...
Page Industries has been the most significant story of the last decade and it has built an irreplaceable Brand Name and reputation for itself. There have been very rare opportunities when the stock had corrected so much from the top and every time it did, proved to be a good opportunity for investors to make money with safety of a high growth company with...
PAGEIND chart looks amazing. A rejection from bottom which shows there is huge demand.
A proper consolidation in Daily Timeframe, and now ready to blast off.
Why Blast?
The two Pinbar candles shows demand from bottom, and which will react on chart in coming days.
One can keep this stock in watchlist.
As shown in the chart drawing, I was assuming a support zone and was curious to watch reaction from the support zone.
But the script, had something else for me, by gapping down so severely.
But after gap down, it tried not to close below the last possible support, and I want to watch this further in near future.
Will be in my radar, will explain more once, I...
PAGE industries looking positive towards upside with a decent Risk to Reward Ratio,
Go for a long call since it is a monopoly sector with very few to NIL competitors.
![PAGEIND: [Positional] Page India Buy Idea](https://s3.tradingview.com/s/sgfQfocc_mid.png "[Positional] Page India Buy Idea")
