PREMIERENE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

📊 Technical Analysis Summary

• Trend Status: Trending upward
• Current Price: ₹1,095
• RSI (65.2): Bullish — approaching overbought zone
• MACD (16.4): Strong bullish crossover — upward momentum confirmed
• Volume: Below average (21.06L vs 32.63L) — momentum may be cooling
• DMA 50/200: Price above both (₹1,048 & ₹1,028) — bullish trend confirmation
• Bollinger Bands: Price near upper band — resistance likely near ₹1,150

📈 Entry & Exit Zones

• Support Levels: ₹1,060 / ₹1,030 / ₹1,000
• Resistance Levels: ₹1,150 / ₹1,200 / ₹1,300
• Optimal Entry: ₹1,060–₹1,080 (on minor pullback)
• Exit Target: ₹1,200–₹1,300 (if momentum sustains)

✅ Positive

• Strong MACD and RSI — bullish technical indicators
• Price above key moving averages — trend confirmation
• Low debt-to-equity ratio (0.01) — excellent financial structure
• Quarterly PAT up 245% — strong earnings momentum

⚠️ Limitation

• High P/E (280) and PEG (3.27) — significantly overvalued
• Volume below average — waning investor interest
• Dividend yield is minimal (0.09%)

📉 Company Negative News

• FII holding declined by 0.15% — foreign investor caution

📈 Company Positive News

• DII holding increased by 0.30% — domestic investor confidence
• EPS of ₹3.93 and strong PAT growth — improving profitability

🏢 Industry

• PREMIERENE operates in entertainment and cinema — cyclical and event-driven sector
• Industry P/E is 39.6 — PREMIERENE trades at a steep premium
• Sector benefits from post-pandemic recovery and blockbuster releases

🧾 Conclusion

• PREMIERENE is currently trending upward with strong technical signals
• Entry near ₹1,060 may offer upside toward ₹1,300 if momentum continues
• Valuation is stretched — suitable for momentum traders, cautious for long-term investors