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.