PREMIERENE - Cash Pick
PREMIERENE - Premier Energies Ltd
TF: 75 Minutes
Recently listed, not much data/candles; hence, the analysis could be premature/too early to decide/confirm.
But the chart pattern is too good to miss.
Friday's last hour candle had a good volume
Price has broken the falling trendline from the top.. Awaiting breakout above 1270 for further confirmation.
Whether you call it Range Breakout OR Waves 1500-1650 (25-30%) looks very much possible in the short term.
Given the nature of the business, and the focus/interest on Renewable energy theme across the board, this could be a long term investment pick too.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
TF: 75 Minutes
Recently listed, not much data/candles; hence, the analysis could be premature/too early to decide/confirm.
But the chart pattern is too good to miss.
Friday's last hour candle had a good volume
Price has broken the falling trendline from the top.. Awaiting breakout above 1270 for further confirmation.
Whether you call it Range Breakout OR Waves 1500-1650 (25-30%) looks very much possible in the short term.
Given the nature of the business, and the focus/interest on Renewable energy theme across the board, this could be a long term investment pick too.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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