This is a high-quality Stage-2 breakout setup on the weekly chart.

$PREMIERENE What I Like ✅ 1. Rounded Bottom Formation Price corrected from around ₹1,300+ to ₹700 Built a long rounded base Indicates institutional accumulation rather than speculative buying. ✅ 2. Resistance Tested Multiple Times The ₹1,050 zone has acted as resistance for almost a year. Multiple tests weaken resistance. ✅ 3. Breakout Attempt The latest candle is attempting to close above the entire range. That is exactly what you want. ✅ 4. Cup Pattern The recovery from ₹700 to ₹1,050 forms a very clean cup. Cup depth ≈ ₹350 A measured move projects: 1050 + 350 = ₹1400 This becomes the first classical target.