BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Round Bottom Breakout in PREMEXPLN
BUY TODAY SELL TOMORROW for 5%
PREMEXPLN
Premier Explosives cmp 609.80 by Daily Chart viewPremier Explosives cmp 609.80 by Daily Chart view
- Price Band 526 to 557 Support Zone
- Resistance Zone 600 to 637 Price Band
- Price has taken breakout above Falling Resistance Trendline
- Volumes are seen to be spiking heavily over the past few weeks
- Stock Price facing good hurdle to cross over at the Resistance Zone
- Bullish Rounding Bottom pattern completed at the Resistance Zone hurdle
PREMEXPLN - Cup & Handle Breakout | Volume Surge📊 PREMEXPLN – Cup & Handle Breakout | Volume Surge + Key Fibonacci Confluence!
🕰️ Timeframe: 1D | 📐 Pattern: Cup & Handle | 📊 Momentum: Bullish
📈 Technical Chart Overview:
Premier Explosives has executed a clean breakout above a long-term descending trendline and a cup & handle base with a massive spike in volume, hinting at a powerful trend reversal.
Price surged nearly +19% intraday, confirming strength near the 61.8% Fibonacci retracement from the previous swing high at ₹910.30 to the swing low at ₹253.40.
🔍 Chart Highlights:
☕ Cup & Handle Pattern: Formed over several months, signaling accumulation and breakout
📐 Descending Trendline: Broken with strength and volume confirmation
📊 Volume Spike: Volume highest since April 2024 – strong buyer interest
🟢 Breakout Zone: ₹472.65–₹480.00 (key previous resistance)
🔴 RSI (14): At 67.72 – approaching overbought zone, suggesting strong momentum
🧱 Support & Resistance Levels:
Level Type Price (₹)
🔼 Resistance 1 504.10 (Fib 61.8%)
🔼 Resistance 2 581.10 (Fib 50%)
🔼 Resistance 3 659.90 (Fib 38.2%)
🔻 Support 1 440.00 (Breakout Retest Zone)
🔻 Support 2 308.75 (Horizontal demand zone)
🔻 Support 3 253.40 (100% Fib low)
🔧 Indicators Used:
Fibonacci Retracement – Plotted from ₹910.30 to ₹253.40
RSI (14) – Showing bullish divergence and breaking out of consolidation
Volume Bars – Confirming breakout with institutional strength
Bull/Bear Icons – Track momentum shifts visually over RSI
🧭 Trade Outlook:
✅ Bias: Bullish
🛒 Entry Zone: Retest near ₹472.65–₹480 (ideal pullback entry)
🎯 Targets: ₹504 → ₹581 → ₹660+
❌ Invalidation: Close below ₹440 with volume
💬 Summary:
PREMEXPLN looks strong on the daily chart after breaking a classic cup & handle pattern with volume confirmation. The breakout aligns perfectly with Fibonacci retracement zones, suggesting room for continued upside. Monitor for a potential retest entry.
⚠️ Disclaimer: This is a technical analysis chart for educational purposes only. Do your own research and consult a financial advisor before trading.
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PREMEXPLN - Daily Chart - Cup and Handle PREMIER EXPLOSIVES LTD (PREMEXPLN) daily chart.
**cup and handle** pattern, suggesting potential bullish continuation.
Here's a simple breakdown:
* **Cup:** The rounded bottom formation appears to have taken place between roughly early January and late April 2025. This indicates a period of consolidation after a decline.
* **Handle (Potential):** After reaching a high around ₹480, the price has pulled back and is now showing signs of consolidating again in a smaller range (the potential handle) in early May 2025.
* **Breakout Level:** The horizontal line you've drawn around ₹480 acts as the potential neckline or resistance. A decisive break above this level would provide further confirmation of the pattern.
* **Target:** You've marked a potential target around ₹652.50. This target is typically estimated by measuring the depth of the cup and adding it to the breakout level.
**Things to watch out for:**
* **Handle Formation:** Observe if the current consolidation indeed forms a handle—a smaller, ideally slightly downward-sloping or sideways movement.
* **Breakout :** We need to see if it retests 480 and bounce it is a strong buy.
* **Volume on Breakout:** Increased volume on the breakout it is strength to the bullish signal.
Explosive Price Action in Premier Explosives – The Name Says It 🧠 Key Technical Insights:
✅ Main Counter-Trendline (CT) Breakout:
A clean breakout above the white CT line with a strong, high-volume bullish candle. This confirms a reversal of the prior corrective structure.
✅ Hidden Resistance Cleared:
The breakout also pierced a WTF hidden line (dotted white), further validating momentum.
✅ SD Conversion Zone Flip:
The green zone highlights a supply-to-demand flip. Price has respected this zone multiple times and now turned it into strong demand support — a textbook S→D conversion.
✅ Candle Structure:
The breakout candle not only has volume and size, but also follows a healthy higher low structure — signifying smart accumulation.
Big Money is Moving In—This Chart Screams BREAKOUT!A deep technical revisit on PREMEXPLN reveals a textbook example of structure, confluence, and timing:
✅ Previous Cup & Handle Breakout Zone (Yellow)
The stock gave a massive breakout in mid-2023 from a well-formed Cup and Handle base.
This zone, once a strong resistance, now acts as a long-term structural support (highlighted in yellow).
✅ Fibonacci Retracement from ATH to CMP
A Fibonacci retracement from the all-time high of ₹906.4 to current levels shows a 61.8% retracement near ₹399, aligning perfectly with the current bounce zone.
✅ Red-to-Green Flip Zone
The stock previously struggled around ₹420–₹480 (red resistance block), but now this zone is flipping into support with price reclaiming it—textbook polarity flip.
✅ WTF Counter-Trendline Breakout
A clean weekly CT breakout is visible with strong bullish conviction.
The breakout candle engulfs the previous sell-off wick, signaling wick fill + rejection absorption—a bullish candle combination.
The breakout is supported by a noticeable volume spike (7.78M).
Premier Explosives : High Potential Trade#PREMEXPLN #breakout #swingtrade #momentumtrade
PREMEXPLN : Short Term (1-3 Months)
>> Piotrowski Score : 9
>> High PE Stock (can be Little Risky)
>> Good Strength & Volumes
>> Breakout Soon
>> Good Risk Reward Trade
Swing Traders can lock profit at 10% & keep trailing
Pls give a Boost & Follow us for more if u like the Analysis.
Disc : Charts shared for purely for Learning purpose, Do your own research & Consult your Financial Advisor before taking position in it.
Do add to your watchlist and observe
PREMEXPLN For Swing Trading PREMEXPLN Prediction for Swing/ Posional Trading
Breakout at entry 1 (1080) level. Entry 2 was above 1218 . You can enter into trade above 1420 close daily basis or you can entry according to your experience.
Sls- according to you RRR.
Targets- 1520,1650,1715,1890,2050,…. (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About PREMEXPLN –
Premier Explosives Ltd. engages in the manufacture of explosives, detonators, propellants, services, and other traded items. Its product portfolio includes defense products and commercial explosives. The company was founded by Amar Nath Gupta on February 14, 1980 and is headquartered in Secunderabad, India.
Premier Explosives - Long Setup, Move is ON...#PREMEXPLN trading above Resistance of 1123
Next Resistance is at 1321
Support is at 725
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Premier Explosives - Long Setup, Move is ON...#PREMEXPLN trading above Resistance of 725
Next Resistance is at 1123
Support is at 401
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 3 achieved in PREMEXPLN. Gain of 104% Target 4 is ON...This is follow-up on Premier Explosives. Can check link to related ideas.
Target 3 achieved. More than 104%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
YR 2022 Idea #102: Long on PREMEXPLNThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Target 2 achieved in Premier Explos. Gain of 64% Target 3 is ON.This is follow-up on Premier Explosives. Can check link to related ideas.
Target 2 achieved. Gain of more than 64%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Premier Explosives...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
long term resistance breakoutbuy above 306 in intraday.
for swing trade buy less qty as stock is not very liquid historically
and keep stoploss at 270 , target 350, 375
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
PREMEXPLN| Long | investment | swing tradingThis is a weekly chart for investment purposes
As per the daily chart, it looks good to buy at the current price 290
Stop loos below Red Line close on weekly basis.
1st target: 397
2nd target: 500.
For Short term swing trade.
Please use the same indicator for stop loss on the daily chart till its price is close below it.
Or
you can use trend line
Stop-loss while starting the Trade Close Below 200
PREMEXPLN - Bullish Head & Shoulder Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.