PAGE INDUSTRIES BULLISH DIVERGENCE CONFIRMED

In this study, I have analused Page Industries on weekly time frame. If you scroll back, I identified bullish divergence earlier, which surged the stock by more than 60%. Now again, after rise in cotton prices due to Ukraine war and rising inflation, Page industries had corrected.

Now, I have proved bullish reversal as can be seen clearly. Buy levels have been mentioned in chart. Hold for 1st safe target of 44k to 46k.

Yorum:

Friends be warned, that impact of lesser rainfall on cotton prices/ rising inflation may delay/ hamper the studies done on this chart. If you support my views/ feel i need to change something, Kindly comment.

Lets learn together, Lets grow together.