PAGEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | PAGEIND | Market Cap | 43,809 Cr. | Current Price | 39,300 ₹ | High / Low | 50,590 ₹ |
| Stock P/E | 55.5 | Book Value | 1,347 ₹ | Dividend Yield | 2.29 % | ROCE | 64.4 % |
| ROE | 54.3 % | Face Value | 10.0 ₹ | DMA 50 | 36,055 ₹ | DMA 200 | 37,571 ₹ |
| Chg in FII Hold | -1.71 % | Chg in DII Hold | 1.72 % | PAT Qtr | 179 Cr. | PAT Prev Qtr | 215 Cr. |
| RSI | 68.2 | MACD | 739 | Volume | 1,48,949 | Avg Vol 1Wk | 65,881 |
| Low price | 29,800 ₹ | High price | 50,590 ₹ | PEG Ratio | 4.86 | Debt to equity | 0.18 |
| 52w Index | 45.7 % | Qtr Profit Var | 8.98 % | EPS | 685 ₹ | Industry PE | 20.5 |
📊 Chart Analysis: PAGEIND trades at ₹39,300, above both its 50 DMA (₹36,055) and 200 DMA (₹37,571), showing strong technical positioning. RSI at 68.2 is approaching overbought territory, while MACD at 739 indicates strong bullish momentum. Bollinger Bands suggest heightened volatility with price near the upper band. Current volume (1,48,949) is significantly above the weekly average (65,881), reflecting strong participation.
📈 Momentum Signals: Short-term momentum is positive, supported by price stability above both moving averages and strong MACD. RSI nearing overbought levels suggests caution for new entries.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹38,500–₹39,200 (near 50 DMA support)
- 📉 Stop-Loss: ₹37,500 (below 200 DMA support)
- 🚀 Exit Zone: ₹40,500–₹41,000 (near resistance levels)
🔎 Trend Status: The stock is currently trending upward with strong momentum. A breakout above ₹41,000 could extend bullish momentum, while a drop below ₹37,500 may signal consolidation.
Positive
- 📌 Price above both 50 DMA and 200 DMA, showing strong technical strength.
- 📌 High ROCE (64.4%) and ROE (54.3%), reflecting excellent capital efficiency.
- 📌 EPS at ₹685, showing robust earnings.
- 📌 Dividend yield at 2.29%, attractive for income investors.
- 📌 DII holding increased (+1.72%), reflecting strong domestic institutional support.
Limitation
- ⚠️ RSI at 68.2 nearing overbought levels, raising caution for new entries.
- ⚠️ High P/E ratio (55.5) compared to industry average (20.5), suggesting overvaluation.
- ⚠️ PEG ratio at 4.86, indicating valuation ahead of growth.
Company Negative News
- ❌ PAT declined from ₹215 Cr. to ₹179 Cr., showing reduced profitability.
- ❌ FII holding decreased (-1.71%), reflecting reduced foreign investor confidence.
Company Positive News
- ✅ Quarterly profit variation improved (+8.98%), showing operational stability.
- ✅ EPS at ₹685, reflecting strong earnings per share.
Industry
- 🏭 Industry PE at 20.5, much lower than PAGEIND’s valuation, suggesting premium pricing.
- 🏭 Apparel and textile sector demand supported by strong brand presence and consumer spending in India.
Conclusion
📌 PAGEIND is trending upward with strong fundamentals and technical support. Entry near ₹38,500–₹39,200 offers favorable risk-reward, with resistance at ₹40,500–₹41,000 as the next target. Long-term investors may benefit from its high ROE/ROCE and dividend yield, while short-term traders should watch RSI levels and valuation risks for potential consolidation signals.
Would you like me to extend this into a visual apparel breakout chart to highlight support and resistance zones more clearly?