Page Industries Limited (PAGEIND) Stock - Complete Technical Analysis - Dec 13, 2024

Page Industries Limited (PAGEIND) Technical Analysis Stock Price, Trends & Key Levels Partha Kuc

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 (PAGEIND) stock has shown impressive price movement recently, with a current price of 48,742. This is slightly below its 52-week high, indicating that it is still in a strong bullish phase. The P/E ratio of 87.6 is relatively high, but the company's fundamentals are robust, with a strong ROCE of 45.0% and a healthy ROE of 38.4%. The recent trading data also indicates a steady upward trend with small corrections along the way. For instance, on December 13, the stock opened at 47,450, traded as high as 48,811.80, and closed at 48,742.

Looking at the technicals, several indicators suggest the continuation of a bullish trend. The RSI is at 72.6, signaling that the stock is approaching overbought territory, but this is not a definitive signal of an immediate reversal. The Stochastic RSI at 100 suggests that momentum is extremely strong. The MACD level of 793.38 supports the bullish move, and the Awesome Oscillator is also reflecting a positive market sentiment.

However, the price action is approaching key resistance levels. A breakout above the 52-week high could push the stock further into new territory, but traders should remain cautious as the stock could face short-term corrections. The 10-day EMA at 46,794 and the 20-day EMA at 46,109 provide strong support, so any pullbacks towards these levels could present buying opportunities. If the price fails to hold these support levels, we could see a decline towards the 50-day EMA at 44,912.

Volatility is present, with an ATR of 2,429.76, suggesting potential price swings. Traders should keep an eye on short-term price actions around key levels. A sharp upward movement could target resistance zones near 50,000, while any downturn below 46,000 could indicate a correction. Monitoring momentum indicators and price action near support and resistance levels will be crucial for timely trade decisions.