deathmask07

Premier explosives analysis

Long
NSE:PREMEXPLN   PREMIER EXPLOSIVES
Premier explosives can give some great up move, after the breakout from current marked levels.
There are some definite resistances along the way, which will act as target points.
Not shown here are some technical indicators' parameters which led to the discovery of the stock.
My current suggested stoploss level would be ~250. It's not a small amount, but given the volatile nature of the stock, it is necessary to give some area for the same.
Also, another thing to note is that the market cap is very small, currently at around 300 Cr. rupees, hence not a safe bet by any stretch.
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