PREMAWe can attempt to buy PREMA from specified level if it break LH , trendline resistance , also there is bullish divergence indicate that it move upward.
SL , TP mention in chart.
PREMA trade ideas
PREMA is BullishPREMA has broken previous lower high and bulls seem to be in control of the price action. It is all set to move to new highs, printing higher highs and higher lows. Targets are mentioned on the chart.
PREMA Bullish BiasCurrently trading in a falling wedge pattern,stock is a buy now position having bullish divergence on RSI.
PREMA is BearishPREMA is currently in a strong downward trend, and bears are in complete control of price action. Asset is printing new lower highs and lower lows which is a sign that declining phase would continue further. Targets are mentioned on the chart.
PREMADouble Bottom around 13.40 along with
Bullish Divergence increases its chances of
Reversal towards upside.
However, if 13 is broken, ABCD & Bearish Flag
Patterns may comes in play with TP around
11.50 and 10 respectively
PREMADouble Bottom near 14.50 - 14.60
Previously Bullish Divergence seen
These 2 points are favoring Bulls.
