PREMIERENE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a comprehensive technical analysis of PVR Inox Ltd (PREMIERENE)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, trading above both its 50-DMA (₹1,033) and 200-DMA (₹1,021), indicating bullish bias with a stable base.

52-Week Positioning: At 46.9% of its 52-week range (₹756 – ₹1,388), the stock is mid-range, suggesting partial recovery from lows but still below peak levels.

📈 Momentum Indicators

RSI (54.2): Neutral to slightly bullish. Indicates moderate strength and room for upside before entering overbought territory.

MACD (10.8): Positive crossover confirms bullish momentum. Histogram is rising, supporting continuation.

Volume: Current volume (5.49L) is below the 1-week average (9.77L), suggesting reduced participation. A volume spike would strengthen breakout conviction.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating above its moving averages, forming a base near ₹1,030–₹1,050. A breakout above ₹1,080 could trigger the next leg up.

Support Levels

₹1,020–₹1,030 – DMA cluster and recent swing low

₹980 – psychological support

Resistance Levels

₹1,080–₹1,100 – short-term resistance zone

₹1,200–₹1,250 – previous breakdown zone

📌 Bollinger Bands

Price is near the middle band, with bands narrowing. This suggests low volatility and potential for a breakout if volume improves.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,020–1,050 Near DMA support and base formation

Exit (Short) 1,080–1,100 Resistance zone, potential profit booking

Exit (Long) 1,200–1,250 If breakout sustains above ₹1,100

🔍 Market Behavior

Trending: Mild uptrend, supported by MACD and price above DMAs.

Consolidating: Yes, price is range-bound between ₹1,020–₹1,100.

Reversing: Not currently. Indicators suggest continuation unless volume fades and RSI weakens.

🧠 Summary

PREMIERENE is technically stable, consolidating above key moving averages with bullish momentum indicators. RSI and MACD support upside potential, though volume needs to improve for a confirmed breakout. Traders may consider accumulating near ₹1,020–₹1,050 and watch for breakout above ₹1,100 for targets toward ₹1,250.

Let me know if you’d like to explore similar setups in entertainment or consumer discretionary sectors.

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