📊 Premier Energies Ltd – Strong Breakout Momentum
The stock has delivered a clean breakout after consolidation and is now showing strong bullish momentum with rising volume support.
🔎 Technical Observations:
• Formation of double bottom structure near ₹660 zone
• Strong price recovery with higher highs & higher lows
• Breakout above consolidation zone with momentum
• Volume expansion confirming buyer strength
• Momentum indicators in bullish zone
🔑 Key Levels to Watch:
• Immediate Support: ₹835 – ₹800
• Major Support: ₹790 – ₹760
• Immediate Resistance: ₹877
🚀 Upside Targets:
• ₹920
• ₹964
• ₹1,007+
📉 Risk Scenario:
Break below ₹800 may weaken the bullish structure and lead to consolidation.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📈