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...
DMART has given reversal. Fundamentals are strong with increasing revenue and profits QoQ. Stock wasnt impacted during COVID and is expanding its stores.
Technically, it is closer to a strong support. Should reverse.
Bajaj Finance reversed. I applied a simple strategy by connecting previous highs to estimate a low or reversal point. As seen here, Bajaj Finance reversed from the same low, which acted as support.