INVESTMENT IDEA - PAGE INDUSTRIESPage 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 candlestick pattern on the weekly chart signals a potential reversal from a downtrend, indicating buyer support at lower price levels.
Finding support at the 0.5 Fibonacci retracement level suggests a healthy correction within an overall uptrend, reinforcing investor confidence.
Page Industries' stock price is supported by the 200 Exponential Moving Average (EMA) on the weekly timeframe, highlighting its stability even during market fluctuations.
Fundamental Strengths:
With well-established brands like Jockey and Speedo, Page Industries maintains a competitive edge and market leadership.
Consistent revenue growth and profitability underscore the company's financial health and prudent management.
Strategic partnerships and expansion efforts enhance Page Industries' market presence and growth prospects.
Page Industries' focus on product quality, innovation, and customer satisfaction ensures its offerings remain relevant and competitive.
Target - 43000 // 53000 // 67000
Stoploss - monthly close below 27000
Pageindustries
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.
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 Breakout TradeThe stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, 200 EMA and previously upper Trendline. Target is placed near the all-time high.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 ema are broken after results, it may be a better option to exit.
Page IndustryPortfolio candidate
Dominant leader in Textile market,
Now in chart we can see good consolidation breakout with volume can leads Price towards 34000 36000 soon
Pure positional
SL 28000 Strict(no need for sl also but Market is supreme and we dont want to take any chance)
Note- Please concern with your financial advisor befor taking any entry exit