Page Industries Limited (PAGEIND) Stock - Complete Technical Analysis - Nov 19, 2024

Page Industries Technical Analysis Key Support & Resistance Levels Price Action Insights Stock M

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) - Detailed Technical Analysis for Traders & Investors

Page Industries Limited (PAGEIND) has been showing mixed signals recently, with its price hovering around 44,607. It is currently about 7.83% below its 52-week high, which was reached recently, and 34.89% above its 52-week low. The stock has seen some fluctuations over the past few days, and key indicators suggest that traders should be cautious while considering their next moves.

Support & Resistance: The support levels are at 43,375.73, 42,299, and 40,375.73, while resistance levels are at 45,281.13, 46,398.47, and 48,500.00. These levels are crucial in determining the stock's next move.

Trend Indicators: The MACD and RSI are signaling a neutral market, and the Stochastic Oscillator is leaning towards an oversold condition. These indicators suggest a potential reversal, but confirmation through price action is required.

Chart Patterns: A Shooting Star has formed, signaling a potential bearish reversal, though the Bullish Harami from the previous day suggests that the bulls are still in play.

Volatility: The ATR shows high volatility, so expect potential price swings in the coming sessions. Watch for movements beyond 2% from the current price to gauge any significant breakouts or breakdowns.

Trading Strategy: If the stock holds above the support levels, it could continue its upward momentum in the longer term. However, if it drops below 43,375, it could trigger further downside action. Traders should closely monitor these levels for any signs of trend changes.