Page Industries Bullish double bottom

Bullish double bottom of Page Industries Limited. Buy price at 14200, stop loss at 13670, likely to cross target at 14900 by another 10 days.

2 Comments

Aravind T 7 years ago

Good observation, but in a double bottom long position should be made only after the previous high is broke with very good volume.So, here entry should be made only if the price crosses above 15000 with very good volume at the breakout and the stoploss being placed at point B.

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Author

S Suresh 7 years ago

Dear Aravind, Sorry for the delay in my reply I was attending a funeral function of my father inlaw. This graph represents a current graph and you are right that we should wait until 15000 till there is a breakout signal. I am also following this graph. Thanks for the feedback.

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