Page Industries Limited: 12135/- The stock has been a multi bagger for last six years it has risen from around 300 levels to around 17000 levels giving a return of 56x . But now the stock has moved below 200 day EMA for the first time after 2009 which is a bearish indication. The break of 200 day EMA is also co-in sided with break of trend line drawn from the low of 2009 which is gives us a double bearish sign.The stock has taken support at 200 EMA then move up and made lower high and then made a lower low which co-insided with both break of 200 day EMA and also trend line. all these point towards bearish days for the stock and it appear that it might easily move below 10000 level towards its 52 week low of around 9000 as of now. So technically it seems to be bearish weeks or months for the stock, unless and other wise the 200 day EMA is conquered but it appears to be a remote chance as of now. 

Mahiidar M

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