PREMIERENE

Sharp Bounce from Lows Reversal in Motion

is showing bullish reversal signals after a steep correction, with the stock forming a strong base near the ₹780–800 support zone and delivering a sharp pullback rally. The recent price action indicates aggressive buying from lower levels, suggesting capitulation may be over. RSI has moved sharply upward, indicating strengthening momentum, while MACD is turning positive, supporting a trend reversal setup. The stock is now approaching a key resistance zone near ₹990–1,000, and a sustained move above this level could confirm a trend change from bearish to bullish, with further upside potential driven by short covering and fresh buying interest.