PREMIERENE - ascending triangle - Watchlist
This chart show a technical analysis for Premier Energies Ltd.
The two panels display price action with candlesticks on the right and line chart on the left.
The yellow lines suggest a pattern analysis, likely an ascending triangle, as indicated by the higher lows and horizontal resistance around ₹1,267.95.
Key observations:
Resistance Level: ₹1,244 is acting as a major horizontal resistance.
Support Trendline: The yellow ascending trendline is connecting the higher lows, indicating bullish momentum.
Breakout Attempt: Today's price action suggests a potential breakout with significant volume ₹1,244 close is good buy.
The two panels display price action with candlesticks on the right and line chart on the left.
The yellow lines suggest a pattern analysis, likely an ascending triangle, as indicated by the higher lows and horizontal resistance around ₹1,267.95.
Key observations:
Resistance Level: ₹1,244 is acting as a major horizontal resistance.
Support Trendline: The yellow ascending trendline is connecting the higher lows, indicating bullish momentum.
Breakout Attempt: Today's price action suggests a potential breakout with significant volume ₹1,244 close is good buy.
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