Head and Shoulder (H&S) pattern of PAGEIND

The stock slipped below its neckline support of 21,000. The measuring implication from the pattern indicated a possible target of 9,000. Before it reaches there it will find strong support near 17,000 mark. The stock is just a thousand rupee away from this level. Bulls could lend support at 17,000 but if they fail then one should be ready for a ride lower.