Page Industries Limited : A Stock to be kept on Radar

Page Industries Limited is an India-based company that is engaged in the business of manufacturing and trading garments. The Company offers knitted garments. The Company offers a range of products for men, women and children. The Company is engaged in the manufacturing, distribution, and marketing of Jockey products. It holds the license of SPEEDO, an international brand for swimwear. The Company's Jockey brand products are sold through exclusive brand outlets (EBO), large format stores (LFS), multi-brand outlets (MBO), traditional hosiery stores and multi-purpose stores spread across India. It also sells its products online.

The Stock has just hit the Demand Zone and retested it once daily chart with a small green hammer too. The hourly Chart shows big Green candles supported by increased Volume. If the Stock gets support from demand Zone we may see the targets of 45,300 and 51558 in next three months. The RSI(14) is just 29.75 and indicating sold in over sold zone.

Lets keep an close watch on this cash rich stock !!

Commentaire:

The Stock has entered the reversal trend after forming the DOUBLE BOTTOM with support @ supply zone as mentioned in the chart. Large Fish finally in the trend..

Commentaire:

CMP @ 40651 . Formation of Inside Candle , may act as a sling to the price of this stock . First Target @ 42800
Keep it up !!!