PAGEINDNSE:PAGEIND
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
PAGEIND
Page Industries- Good times ahead?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.
Page Ind. is on the stage, which has been away from rage. 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 brand in India. Page Industries Ltd CMP is 37852.30.
The Negative aspects of the company are High Valuation (P.E. = 82.7), Declining cash from operations annual, FIIs are decreasing stake, Promoter Holding decreasing. The positive aspects of the company are No debt, zero promoter pledge, MFs are increasing stake, Improving annual net profit.
Entry can be taken after closing above 38159. Targets in the stock will be 38809 and 40834. The long-term target in the stock will be 42503 and 43581. Stop loss in the stock should be maintained at Closing below 35893. Page Industries is a portfolio stock and a long term investment idea.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
PAGEIND: An Option Buying TradePAGEIND 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.
#raymond #abfrl #nykaa #arvind #kprmill #kitex #pageind #trident#Raymond
NSE:RAYMOND
NSE:RAYMOND
RAYMOND
CMP: 780
Entry 770
Target 980
SL 700
RR > 3
TF < 6 months
Return ~ 30%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Page Industry may break out of consolidation.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.
Page Industries - "V" shaped Cup n Handle - Bullish Breakout Page Industries just broke above the Cup n handle resistance zone (neckline) of 17000 - 17300 area this month after consolidating in sideways pattern since June 2015. The recent breakout in July confirms Bullish continuation for long term. Investors can go long in this counter as per below strategy.
Trading Strategy :
Buy @ current levels 17700-17955
1st Target : 22000
2nd Target : 24000
Stop loss : Below 14000
Cheers !!!