Note: This post is only for education purpose. Pls. do your own due diligence before any action.
PAGE Industries is a multi-baggers stock. As per today’s news report –
- Company’s agreement with Jockey International extended till 2040.
- Royalty stays at 5% of net sales.
- Company expects to maintain margin in the 21% – 22% range.
- Sunder Ashok Genomal would be surprised if they don’t maintain the growth trajectory.
Monthly Chart –
- From July 2015 to July 2017, stock was consolidating within a triangle pattern and subsequently broke out to move higher. Triangles are continuation patterns.
- Subsequently in the month of Feb 2018, the breakout retested the last resistance level of 18000 and bounced back sharply.
Weekly Chart –
- Finally breaking out from the last six months sideways consolidation.
- Volume contracted during the consolidation period.
- The potential upside can be as high as 30% from the 25500 level if the stock sustains above 22500.
Page Industries : ‘Jockey or nothing’ till 2040