Page Industries shows strong buy-side potential near the 35,655-35,720 support zone (day low/year low alignment and classic pivot S3 at 35,655), where extreme oversold readings like STOCHRSI(14) at 0, Williams %R at -2.76 (overbought bounce setup), and RSI(14) at 39.58 signal classic reversal amid all 12 MAs flashing strong sell. Price action at CMP 35,720 tests critical Fib 23.6% retracement with low volume (4,261 vs avg 26k) indicating capitulation bottom formation, ideal for dip accumulation despite downtrend. Breakout above 36,303 pivot/36,457 R1 targets 36,869-37,000 (R2/Fib 38.2%), with tight stop-loss below 35,600 for 1:3 risk-reward intraday longs. Hold above year low maintains bullish reversal bias toward 50DMA 39,458 retest.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.