PAGEIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.0

Here’s a comprehensive technical analysis of Page Industries Ltd (PAGEIND)

📊 Trend Overview

Current Trend: PAGEIND is in a short-term downtrend, trading below both its 50-DMA (₹45,453) and 200-DMA (₹44,945), indicating bearish sentiment.

52-Week Positioning: At 46.1% of its 52-week range (₹38,850 – ₹50,590), the stock is mid-range but leaning toward the lower half, reflecting weakness in price action.

📈 Momentum Indicators

RSI (44.0): Indicates bearish to neutral momentum. Below 50 suggests weak buying interest, though not oversold.

MACD (-303): Strong negative divergence confirms bearish momentum. No signs of reversal yet.

Volume: Current volume (31K) is above the 1-week average (18K), suggesting increased activity, likely driven by selling pressure.

📉 Chart Patterns & Moving Averages

Price Action: The stock has failed to hold above key moving averages and is showing signs of breakdown from support zones.

Support Levels

₹43,000 – recent swing low

₹41,500 – psychological support

Resistance Levels

₹44,945–₹45,453 – DMA cluster

₹46,500–₹47,000 – previous consolidation zone

📌 Bollinger Bands

Price is near the lower band, suggesting oversold conditions. However, without volume confirmation of buying, a bounce remains uncertain.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 42,500–43,000 Near support, potential bottom zone

Exit (Short) 44,900–45,500 Resistance zone, near DMA cluster

Exit (Long) 47,000–48,000 If breakout sustains above ₹45,500

🔍 Market Behavior

Trending: No, currently in a downtrend.

Consolidating: Not yet. Price is declining with weak momentum.

Reversing: Not currently. Indicators suggest continued weakness.

🧠 Summary

PAGEIND is technically weak, trading below key moving averages with bearish momentum. RSI and MACD confirm the downtrend, and volume spike suggests selling pressure. Traders should wait for signs of reversal or accumulate cautiously near ₹42,500 with tight stop-losses. A breakout above ₹45,500 with volume would be the first bullish signal.

Sources: Trendlyne Analyst Reports

1

, WalletInvestor Forecast

2

, Stocks-Buy Price Targets

3

1

trendlyne.com

2

walletinvestor.com

3

stocks-buy.com

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