The stock can be bought at current levels and on dips to Rs 25,000 with a stop loss below Rs 24,400 and a target of Rs 27,300.
Page Industries has been in a decline mode since it hit a high of Rs 36,370 in August to touch a low Rs 23,211 in December. On the daily chart, the price has formed a short-term bullish double bottom pattern.
The price and the RSI are showing positive divergence on the daily chart; i.e., the indicator is forming higher lows while the price is making lower lows.
Price has moved to 21-day exponential moving average on the daily chart. Stochastic has given positive crossover with its averages on the daily chart. Thus, the stock can be bought at current levels and on dips to Rs 25,000 with a stop loss below Rs 24,400 and a target of Rs 27,300.
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