Page Industries Ltd. - stock analysis

12 Sep

Page Industries Ltd. - stock analysis

summary : conclusion-
Stock Recovery: After a large correction, the stock has started recovering. The current trend might indicate bullish momentum, but it's crucial to assess other technical indicators and market conditions.

Potential Breakout: If the stock continues upward, it could test new resistance levels, potentially leading to a breakout. However, if the resistance holds, there could be another pullback.

This analysis could be useful for traders looking at Page Industries Ltd. for swing trades or long-term investments, depending on the trend continuation or reversal.

Observations:
Price Movement: The chart shows significant volatility in the stock. The price has seen both upward and downward swings.

Highlighted Corrections and Increases:

A drop of around 9,801 points (about -22.78%) is marked, showing a significant correction in the stock price.
Following this drop, the chart shows a rebound of 10,507 points (about +24.17%), representing a recovery in the stock price.
Price Range: The stock is currently priced around ₹43,260.70, with a day high of ₹43,584.05 and low of ₹41,781.

Volume: The volume for the day is 56.171K shares traded. The Cumulative Volume Delta (CVD) shows 10.718K in green (buy volume) and -7.87K in red (sell volume), indicating more buying pressure than selling during the period shown.