The short-term outlook is bullish for Premier Energies. The stock has made a bullish double-bottom reversal pattern. This marks the end of the downtrend that was in place since October last year.

The neckline support of this pattern is coming around ₹815. Fresh buyers are likely to come in around ₹815 and limit the downside.

Moving average cross overs on the daily chart also strengthens the bullish case. Premier Energies share price can rise to ₹1,000 in the coming weeks.

Traders can buy Premier Energies shares now at ₹868. Accumulate on dips at ₹830. Keep the stop-loss at ₹785. Trail the stop-loss up to ₹890 as soon as the stock goes up to ₹915.

Revise the stop-loss higher to ₹920 and ₹960 when the price touches ₹945 and ₹975 respectively. Exit the long positions at ₹990.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on March 24, 2026