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PREMIER EXPLOSIVES LTDPREMIER EXPLOSIVES LTDPREMIER EXPLOSIVES LTD

PREMIER EXPLOSIVES LTD

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PREMEXPLN trade ideas

Cup and Handle Breakout | Strong Trend Reversal in PlayNSE:PREMEXPLN Analysis: This chart showcases a classic "Cup and Handle" breakout pattern — a powerful bullish reversal setup. After a prolonged downtrend, the stock formed a rounded base, retested the neckline zone near ₹500, and broke out with strong momentum and volume. Trendline Breakout: A long-term descending trendline has been broken, signaling a trend reversal. Cup Formation: A smooth, rounded bottom formed over several months indicates accumulation and base-building. Breakout Confirmation: A sharp breakout above the neckline resistance (around ₹500–₹510) with volume confirms the breakout. Target Levels: Price has already moved toward ₹606 and is now approaching ₹678 — the measured move target from the depth of the cup. Trade Setup: Entry: Ideal entry was near breakout of ₹510. Targets: ₹606 (hit), ₹678 (approaching). Stop-loss: Below ₹500 or trailing below recent swing lows for momentum trades. Outlook: The chart signals a strong reversal and momentum continuation. If ₹678 is broken, further upside potential opens up. HAPPY TRADING !!
NSE:PREMEXPLNLong
by thetradeforecast
1
Premier Explosives is exploding on charts. 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. Premier Explosives Ltd. Closing price is 493.50. The positive aspects of the company are Companies with Low Debt, Strong cash generating ability from core business - Improving Cash Flow from operation, Companies with Zero Promoter Pledge, RSI indicating price strength and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are high Valuation (P.E. = 83.7), Stocks Underperforming their Industry Price Change in the Quarter, Companies with growing costs YoY for long term projects and MFs decreased their shareholding last quarter. Entry can be taken after closing above 496 Historical Resistance in the stock will be 530, 583 and 605. PEAK Historic Resistance in the stock will be 633 and 673. Stop loss in the stock should be maintained at Closing below 429 or 405 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:PREMEXPLNLong
by Happy_Candles_Investment
PREMIER EXPLOSIVES LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:PREMEXPLN
by zenthosh
Premier explosive can again explode?Finished a short downtrend! But can retest same area as its in a short term downtrend.. Patern not clear and will be updated in comments in coming days!! Defence theme on a bull mode still! Given 6month back! Still can make 800++ stoploss strictly exit @700 levels! Swing trade and only for educational purpose!! Not a recommendation! ! Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO
NSE:PREMEXPLN
by CRYSTAL_EQUITY