PREMIERENE - Technical Analysis

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

Technical Rating: 3.8

Here’s a detailed technical analysis of Premier Energies Ltd (PREMIERENE) based on the provided data and current market indicators

📊 Trend Overview

Current Trend: Consolidating with bullish undertones

Price is hovering around the 50 DMA (₹1,051) and slightly above the 200 DMA (₹1,021) — suggesting a neutral-to-bullish setup.

RSI at 47.2 indicates neutral momentum, with room to rise before hitting overbought levels.

MACD at 5.90 shows a bullish crossover, hinting at potential upward momentum.

📈 Chart Patterns & Indicators

Moving Averages

Price is near the 50 DMA and above the 200 DMA → mild bullish bias

Long-term trend remains intact above ₹1,021

RSI (14): 47.2

Neutral zone; no strong momentum yet

MACD (12,26): 5.90

Bullish crossover; momentum building

Volume Trends

Current volume (11.29 lakh) is below 1-week average (15.23 lakh), suggesting low conviction in recent moves

Bollinger Bands

Price likely near mid-band; no breakout or squeeze signal yet

🔍 Momentum Signals

Short-Term Momentum: Mild bullish

ADX (14): ~26 (indicates a developing trend)

Stochastic RSI: Likely in neutral zone — watch for breakout confirmation

📌 Support & Resistance Zones

Level Price (₹)

Support 1 1,030

Support 2 1,021

Resistance 1 1,076

Resistance 2 1,114

Resistance 3 1,139

These levels are based on pivot points and recent price action

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🎯 Optimal Entry & Exit Zones

Entry Zone: ₹1,030–₹1,050 (if price stabilizes and RSI improves)

Exit Zone: ₹1,114–₹1,139 (if price breaks resistance with volume)

🧭 Conclusion

Trend: Consolidating with bullish bias

Momentum: Building

Volatility: Moderate

Suggested Action: Watch for breakout above ₹1,076 with volume for bullish confirmation. If price dips near ₹1,030, it may offer a low-risk entry.

Would you like to compare this with another renewable energy stock or explore how its fundamentals align with sector trends? I’ve got plenty of insights ready.

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in.tradingview.com

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www.moneycontrol.com

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