Page Industries Limited (PAGEIND) Stock - Complete Technical Analysis - Nov 28, 2024

Page Industries Technical Analysis: Key Support & Resistance Levels Buy or Wait

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 experiencing consolidation at the current price of 44,816. Key technical indicators highlight mixed signals, with potential for both bullish and bearish outcomes.

Technical Analysis Highlights:

Awesome Oscillator is positive at 456.15, showing bullish momentum, though diminishing.

Momentum is negative at -2291.25, reflecting short-term downward pressure.

CCI (Commodity Channel Index) is near zero at 2.38, suggesting a lack of extreme market conditions.

Moving Averages:

EMA (Exponential Moving Averages) show strong bullish alignment with the current price above the 200 EMA (40,942).

SMA (Simple Moving Averages) align closely, reinforcing the consolidation phase, particularly the SMA 10 at 44,991.

Pivot Points:

Key Support Levels: 44,375 (S1 Classic), 42,613 (Camarilla S1).

Key Resistance Levels: 45,346 (Ichimoku Base Line), 47,598 (Pivot R2 Fibonacci).

Price Trend and Volatility:

Recent price action indicates high volatility with resistance near 46,000. The 5-day candlestick pattern reveals a struggle to maintain higher levels, with consistent selling pressure.

Conclusion: With ADX signaling a weak trend and RSI near neutral, PAGEIND is likely to remain range-bound unless a breakout occurs above 45,000. Traders should be cautious and look for confirmation through volume spikes and MACD crossovers.