Moneycontrol Be a Pro
Get App
Last Updated : Jan 01, 2019 11:21 AM IST | Source: Moneycontrol.com

Buy Page Industries, target Rs 27,300: Ashish Chaturmohta

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.

Moneycontrol Contributor @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Ashish Chaturmohta

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.

Close

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.

Disclaimer: The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jan 1, 2019 11:20 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant