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Premco Global (PREMCO) — Technical Setup
₹400.10 +0.31% Strong Uptrend Normal Volatility Bullish
Summary
Premco Global is in a strong uptrend on the daily chart. RSI(14) is 64.8, MACD is above its signal line, ADX reads 38 (trending). Volume in the latest session was 0.3× its 20-day average. Over three months it has outperformed the Nifty 50 by 9.6 percentage points. Nearest support is ₹394.05 and resistance ₹484.90. Its technical score is 71/100 (bullish).
🧮 How the 71/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (2.81)3/3
- 20-day EMA above 50-day EMA3/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up3/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (37.75)3/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (64.84)6/6
- MACD line above its signal line4/4
- MACD line above zero (4.31)3/3
- 12-day rate of change positive (4.57)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (9.64)2/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (-0.05)0/5
- More volume on up days than down days (20 sessions) (2.37)5/5
- Close above 20-day VWAP (2.96)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (2.95)4/6
- Price in the upper half of its Bollinger Bands (1.02)3/5
- Shallow drawdown from the 52-week high (-17.49)3/5
- Volatility contracting (20-day volatility below its 6-month median) (4.70)4/4
- Room to the next resistance (≥8% scores full) (21.19)5/5
- Support close below (a tight, definable stop) (1.51)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-17.49)0/5
🧭 Regime: Strong Uptrend
Normal Volatility — Bollinger width is in the 31th percentile of the last six months.
Suits: Trend-following. Pullbacks to the 20-day EMA and breakouts tend to be bought in strong trends; mean-reversion shorts fight the tape.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the Momentum Breakout rules for PREMCO — close at a 20-day high on 1.5× average volume, rsi above 55.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▲ Bullish | 64.84 | 0.92 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: —, weekly ADX —.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
PREMCO ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹484.90 | +21.2% | 1 |
| Close | ₹400.10 | — | |
| Support | ₹394.05 | −1.5% | 7 |
| Support | ₹371.25 | −7.2% | 2 |
| Support | ₹360.00 | −10.0% | 1 |
52-week range: ₹355.00 – ₹484.90 (-17.49% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹484.90 (2026-05-08) to ₹355.00 (2026-07-01). Price has retraced 34.7% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹385.66 | -3.6% | |
| 38.2% retracement | ₹404.62 | +1.1% | nearest |
| 50.0% retracement | ₹419.95 | +5.0% | |
| 61.8% retracement | ₹435.28 | +8.8% | |
| 78.6% retracement | ₹457.10 | +14.2% | |
| 127.2% extension | ₹319.67 | -20.1% | |
| 161.8% extension | ₹274.72 | -31.3% | |
| 200.0% extension | ₹225.10 | -43.7% |
🕯️ Candlesticks (last 5 sessions)
- Doji 2026-09-16 neutral Weak · 35
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- RSI(14) bearish 2026-08-24 → 2026-09-15₹395.00 → ₹409.95
- MACD histogram bearish 2026-08-24 → 2026-09-15₹395.00 → ₹409.95
- Stochastic %K bearish 2026-08-24 → 2026-09-15₹395.00 → ₹409.95
✅ Screens PREMCO passes today
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
