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...
As disclosed, in the chart drawing, its better to watch reaction of this script in the support zone. Long trade may work in favour.
PAGEIND - Expecting this thing to move up by 7-8%. I have a gut feeling that this is on it's way up
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.
#PAGEINDIA Near to previous breakout area CMP:37916 @20 March 2023
Keep Strict Stop Loss. What was resistance is now support. Wait for the trigger. Do not buy till it triggers. 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...
Reason for long a) OI long build up b) Support play c) good engulfing candle d) vwap support e) good risk reward zone SL compulsory
Reason for long a) Head and shoulder in head and shoulder set up b) RSI hidden divergence for long c) vwap support SL compulsory Duration intraday and for 3 days
Reason for long a) Support play b) Fib support c) bounce from low in negative market hence long SL compulsory
PAGE INDUSTRIES # SWINGS TRADE wait for a strong 15min candle closing above previous day high
share formed cup and handle formation next target is high
page industry is ready to give 60+% return in 1 to 2 year time frame hold tight for ride.! i m buying it Take your own investment decision ! Happy investing Sagarokha
NON LOG CHART: Weekly TF. Price moving towards sloping TL. Resistance zone red rectangle at the top
watch out for a breakout, rising wedge formation warning : P/E : 110
Page industry has been traing in a zone since end of January. If the stock closed above the recangular box, can go upto the resistance level of 44850 and can test new ATH. The stock has been bullish on a weekly time frame too. One can wait for the weekly closing or for a daily candle to close above the box.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
-- price has sustained above 50 DMA during the market correction. Stage breakout. -- high Del% -- RS consolidation breakout. At RS support line. -- Big company when moves with momentum it usually sustains the same -> stay invested.
share name : page industries why i buy this share ? - flag and pole breakout (after a good consolidation) - rounding bottom pattern - buy above 36370 - targets : 56264, stop loss : 27500