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Premco Global (PREMCO) — Technical Setup
₹423.85 +0.89% Strong Uptrend Volatility Expansion Bullish
Summary
Premco Global is in a strong uptrend on the daily chart. RSI(14) is 60.4, MACD is above its signal line, ADX reads 31 (trending). Volume in the latest session was 6.8× its 20-day average. Over three months it has outperformed the Nifty 50 by 8.4 percentage points. Nearest support is ₹392.02 and resistance ₹484.90. Its technical score is 65/100 (bullish).
🧮 How the 65/100 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 (3.94)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) (31.25)3/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (60.45)6/6
- MACD line above its signal line4/4
- MACD line above zero (8.39)3/3
- 12-day rate of change positive (5.99)3/3
- Stochastic %K above %D0/2
- Outperforming the Nifty 50 over 3 months (8.42)2/2
- On-balance volume rising over 20 sessions5/5
- Chaikin Money Flow (20) positive (-0.10)0/5
- More volume on up days than down days (20 sessions) (2.12)5/5
- Close above 20-day VWAP (-0.90)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.26)2/6
- Price in the upper half of its Bollinger Bands (0.84)5/5
- Shallow drawdown from the 52-week high (-12.59)3/5
- Volatility contracting (20-day volatility below its 6-month median) (87.60)0/4
- Room to the next resistance (≥8% scores full) (14.40)5/5
- Support close below (a tight, definable stop) (7.51)3/5
- Broke above a 20-day high in the last 5 sessions5/5
- Within 5% of the 52-week high (-12.59)2/5
🧭 Regime: Strong Uptrend
Volatility Expansion — Bollinger width is in the 88th 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 | 60.45 | 3.25 |
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 | +14.4% | 1 |
| Close | ₹423.85 | — | |
| Support | ₹392.02 | −7.5% | 16 |
52-week range: ₹355.00 – ₹484.90 (-12.59% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹355.00 (2026-07-01) to ₹484.50 (2026-11-06). Price has retraced 46.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹453.94 | +7.1% | |
| 38.2% retracement | ₹435.03 | +2.6% | |
| 50.0% retracement | ₹419.75 | -1.0% | nearest |
| 61.8% retracement | ₹404.47 | -4.6% | |
| 78.6% retracement | ₹382.71 | -9.7% | |
| 127.2% extension | ₹519.72 | +22.6% | |
| 161.8% extension | ₹564.53 | +33.2% | |
| 200.0% extension | ₹614.00 | +44.9% |
🕯️ Candlesticks (last 5 sessions)
- Bearish Harami 2026-11-09 bearish Moderate · 60
- Shooting Star 2026-11-06 bearish Strong · 80
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
✅ 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.
