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CA Omkar Bhutada - SEBI Reg IA

24th Jun 2025 Β· SEBI-Registered Analyst

πŸ‘• Page Industries Coiling for a 100%+ Upside? Fib Retracement + Trendline Holding Firm!

PAGEIND
Page Industries (Jockey India) is quietly building a high-conviction breakout base, with Fibonacci confluence and ascending support structure aligning for a potential move above β‚Ή70K. πŸ” Technical Analysis Highlights βœ… Fib Retracement Structure After peaking near β‚Ή70,900, price retraced down to 0.618 fib zone (β‚Ή56,397) and found support near β‚Ή33,000 β€” forming a broad bullish continuation base. βœ… Higher Lows with Trendline Support The ascending trendline since late 2022 has held through multiple corrections. Price is now approaching the β‚Ή51,900–₹54,500 resistance zone again. βœ… Measured Move Target β‰ˆ β‚Ή70K+ A breakout above β‚Ή54,500 (horizontal resistance + fib confluence) could open up a 114% rally, projecting a target near previous highs. πŸ“Š Fundamental Snapshot πŸ‘• Premium Innerwear Leader: Dominant brand positioning in India under "Jockey". πŸ“ˆ Consistent ROE ~40%: Reflects high pricing power and capital efficiency. πŸ’Έ Debt-Free & High Dividend Payout: Strong balance sheet and cash generation. 🎯 Conclusion Page Industries is coiling within a high time frame bullish structure. With Fib retracement levels, strong fundamentals, and clean trendline support in place β€” a multi-quarter breakout could soon be in play. Watchlist Level: β‚Ή54,500+ Potential Upside: β‚Ή70,000+ (114%)

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