Premier Polyfilm Limited – Early Breakout Attempt with RSI Support

Timeframe: Weekly Current Context: Momentum rebuilding after corrective phase What the chart suggests Price has broken out of a falling channel, indicating the corrective structure may be ending. Bullish RSI divergence is visible, with RSI rebounding from lower levels and moving back toward the mid-zone. The stock is trading around the 30-week SMA, a key area that often decides trend continuation vs failure. Key Levels to Watch Immediate resistance: ₹50–51 zone (recent reaction area). Support base: ₹41–43, which acted as demand during the recent decline. Momentum Check RSI has crossed above 50, a positive early sign, but sustained strength and higher volume are still needed to confirm a broader bullish shift. Without follow-through, price may continue to remain range-bound. Overall View Structure is improving, supported by RSI divergence. Confirmation will come only if price holds above the 30-week SMA with expanding volumes. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)