PREMIERENE - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 4.1

PREMIERENE offers a resilient technical and fundamental setup, suitable for intraday trades within a tight range. While not a runaway momentum candidate, its low PEG, high ROE, and institutional interest give it credibility for a disciplined tactical play.

📊 Momentum and Technical Overview

RSI: 47.2 → Near neutral; hovering at bounce territory but needs volume confirmation.

MACD: +5.90 → Mild bullish trend signal; supports a slow grind up.

Volume: 11.3L vs Avg 15.2L → Slightly below average; intraday interest is present but subdued.

📈 Trend Zones and Moving Averages

CMP: ₹1,053

Trading slightly above DMA 50 (₹1,051) and well above DMA 200 (₹1,021) → Short-term strength holding.

Support Levels: ₹1,045 and ₹1,028

Resistance Zones: ₹1,063 and ₹1,072

🧠 Intraday Strategy

✅ If initiating trade

Buy Entry Zone: ₹1,048–₹1,052 during early dip or consolidation phase

Profit Booking Levels

₹1,063 → Initial target on resistance touch

₹1,072 → Extended target if RSI crosses 50 and volume picks up above 13L+

Stop-Loss: ₹1,038

🔁 If holding position intraday

Maintain if price stays above ₹1,050 and MACD slope remains positive

Exit Strategy

Book profits near ₹1,063 if RSI stays under 50 and volume plateaus

Trail SL to ₹1,050 on breakout past ₹1,072 and target ₹1,085

Exit on breakdown below ₹1,045 with RSI slipping under 45 and MACD weakening

🧾 Fundamental Edge

ROE: 54.0% & ROCE: 41.5% → Top-tier efficiency

EPS: ₹23.2, PEG: 0.15, P/E: 45.3 vs Industry 42.0 → High growth justified by earnings strength

FII/DII inflows solid → Sentiment booster

Quarterly profit up 55.3% → Momentum backed by strong fundamentals

⚠️ Trade Considerations

Volume below average → Needs confirmation for a breakout trade

Dividend yield low → Not attractive for long-term income traders

52w Index at 47.0% → Still has plenty of headroom in uptrend cycle

PREMIERENE isn't flashy but it's quietly convincing. If you're up for more excitement, I can scout fast-movers in the midcap growth bucket or recent breakout plays that are trending on volume. Let me know and I’ll rev up the radar 🔍📈.

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