Page Industries – Quiet Strength Above AVWAP, Eyeing Breakout Continuation

Elliott Wave Structure: The recent uptrend from March 2025 appears to be a corrective Wave B breakout or a fresh impulsive wave. Current consolidation above ₹47,000 suggests a potential Wave 3 continuation setup in play. AVWAP Support: Anchored VWAPs from the February bottom show strong dynamic support at: ₹47,166 (short-term AVWAP) ₹45,521 (medium-term AVWAP) Price is comfortably riding above both, showing trend strength and healthy accumulation. MACD: No strong divergence yet, but momentum is neutral to slightly positive, indicating ongoing digestion of recent gains without bearish overtones. Fundamental Strength: Page Industries is a long-standing high-ROCE, high-margin business. Market leader in innerwear and athleisure space with consistent profit growth and premium pricing power. Investors reward its low-debt, asset-light model. 🧭 Outlook & Strategy Short-Term: Consolidation between ₹47,000–₹48,000 likely before next move. Breakout Watch: A move above ₹48,800 could trigger upside toward ₹54,000 resistance. Buy Zone: Between ₹45,500–₹46,000 on dips, if volume supports. 📌 Conclusion: Strong fundamental backing + technical setup above AVWAPs = bullish bias intact. Keep watch for breakout signals or high-volume dips.