PAGEIND - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.7

Here’s a detailed technical analysis of Page Industries Ltd. (PAGEIND) based on current indicators and price action

📊 Trend Analysis

Current Trend: Consolidating with mild bullish bias

Price is slightly below the 50-DMA (₹47,040) and above the 200-DMA (₹44,958), suggesting medium-term strength but short-term hesitation.

RSI at 46.7 indicates neutral momentum—neither overbought nor oversold.

MACD at 24.2 is positive, but flattening, hinting at fading bullish momentum.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹47,040 Resistance zone

200-DMA ₹44,958 Support zone

Price ₹46,810 Between MAs

Price action between key averages suggests indecision. A breakout above ₹47,040 could reignite bullish momentum.

📉 Momentum Indicators

RSI (14): 46.7 → Neutral zone; no strong momentum.

MACD: 24.2 → Bullish crossover, but momentum slowing.

Volume: 27.9K vs 1-week avg of 30K → Slightly below average, indicating reduced participation.

📊 Bollinger Bands

Price is near the middle band, suggesting consolidation.

No squeeze or breakout pattern visible; volatility is moderate.

📌 Support & Resistance Levels

Level Price Zone

Support 1 ₹45,000

Support 2 ₹44,000

Resistance 1 ₹47,040 (50-DMA)

Resistance 2 ₹48,500

Entry Zone: ₹44,000–₹45,000 (near support)

Exit Zone: ₹47,000–₹48,500 (resistance zone)

🔍 Chart Pattern & Price Action

Price action shows a sideways channel between ₹44,000 and ₹48,500.

No clear breakout or reversal pattern.

Trendlines are flattening, typical of consolidation phases.

⚠️ Conclusion

Technical Outlook: Neutral to mildly bullish

Momentum: Weakening; watch for breakout confirmation

Suggested Strategy: Accumulate near ₹44,000–₹45,000 with stop-loss below ₹43,500. Exit near ₹48,500 or on breakout above ₹50,000.

Risk Level: Moderate (due to high valuation and declining quarterly profit)

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