📊 Premier Energies Ltd – Bullish Reversal from Falling Wedge
The stock is showing a bullish breakout attempt after forming a Falling Wedge pattern, indicating improving momentum.
🔎 Technical Observations:
• Bullish reversal from Falling Wedge
• Strong buying near support zone
• Price moving above short-term averages
• Momentum improving with positive bias
🔑 Key Levels:
• Support: ₹1,018 – ₹1,000
• Resistance: ₹1,082 – ₹1,104
🚀 Upside Targets:
• ₹1,104
• ₹1,125
• ₹1,146+
📉 Risk:
A close below ₹1,000 may weaken the bullish setup.
📈 Trading View:
👉 Sustained move above ₹1,082 can trigger fresh upside momentum toward the mentioned targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊