Page Industries Limited (PAGEIND) Stock - Complete Technical Analysis - Sep 25, 2024

Page Industries (PAGEIND) Technical Analysis: Key Support & Resistance Levels

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Page Industries Limited (PAGEIND) is currently trading at 41,920, showing a slight decline of 4.94% from its 52-week high of 44,100. The stock has demonstrated resilience, trading 26.76% above its 52-week low of 33,070. Technically, PAGEIND is showing mixed signals with various indicators pointing towards indecision in the market, highlighted by today's candle formation of a Spinning Top. This pattern suggests market participants are uncertain about the next move, which warrants caution.

The stock is trading near significant support and resistance levels. On the support side, the key levels to watch are around 40,000, aligned with moving averages such as the 200-day EMA and SMA. If the stock breaks below this level, we could see it testing lower supports in the 38,000 range. On the upside, resistance is noted at around 44,000, which corresponds to the previous high. Breaking above this level could lead to bullish momentum toward new highs.

Looking at the momentum indicators, RSI is neutral at 49, indicating neither overbought nor oversold conditions. MACD is currently positive, but the divergence is not strong enough to confirm a clear trend. ADX indicates weak trend strength, with a value below 25, showing that PAGEIND is likely to stay range-bound in the short term unless there is a significant breakout. The CCI is negative, and Awesome Oscillator also shows bearish momentum, reinforcing the likelihood of consolidation.

Stochastic indicators are hovering around mid-levels, suggesting a lack of decisive buying or selling pressure. Moreover, the Williams Percent Range and Bull Bear Power confirm this neutrality. With the current ATR indicating moderate volatility, traders should be prepared for swings in both directions.

In conclusion, PAGEIND is currently consolidating, and traders should monitor key levels closely. A break above 44,000 could trigger a strong bullish move, while a dip below 40,000 may lead to a bearish correction.