Premier Energies Ltd – Daily Technical View

📊 Premier Energies Ltd – Daily Technical View The stock remains in a strong downtrend, trading below key moving averages. Recent price action shows a small pullback from the lower Bollinger Band, indicating short-term relief, but the broader trend is still weak. 🔍 Technical Observations: Price below 20-DMA, trend still bearish Bollinger Bands indicate oversold bounce, not reversal yet RSI around 40–45, improving but still below strength zone Volume spike seen near recent lows, suggesting short-term demand 🔑 Key Levels: Immediate Support: ₹700 – ₹680 Resistance: ₹760 – ₹790 Major Resistance: ₹830 📈 Outlook: As long as the stock stays below ₹790, the trend remains sell-on-rise. A sustained move above ₹800 with volume is needed for trend reversal. Below ₹700, downside risk may continue. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS