🕗Updated at 9:00 PM IST 18 March 2026
At Chanakya Ni Pothi, India’s oldest investment & IPO research weekly with a legacy of 33+ years, we bring you fresh “Breakout Stock Today” from Paresh Gordhandas — actionable Intraday stock recommendations for today, before market opening.
Breakout Stock today
Premier Energies Intraday Breakout Today
Premier Energies intraday breakout analysis is bullish for the next trading session. The stock closed at Rs. 869.60 and has witnessed a sharp momentum breakout with strong volume support, indicating aggressive buying interest.
Premier Energies Intraday Breakout Levels
Metric Value
Last Close Rs. 869.60
Trend Bullish (Short Term)
RSI 72.00
MACD Strong Positive
ADX 24.43
Volume 63.30 lakh
Immediate Support Rs. 850 – 830
Breakout Level Rs. 875
Target 1 Rs. 895
Target 2 Rs. 915
Stop Loss Rs. 829
Premier Energies Intraday View
Premier Energies share price is showing strong bullish momentum after a sharp upmove. The stock is trading well above its 20, 34 and 50-day moving averages, confirming short-term strength, although it remains below long-term averages indicating possible resistance at higher levels.
Momentum indicators are very strong:
• RSI at 72 indicates strong momentum but overbought zone
• MACD is positive with expanding histogram showing strength
• ADX above 24 with strong +DI confirms trend continuation
• Stochastic and Williams %R are near peak levels, indicating strong but stretched momentum
This setup favors continuation but with possible intraday volatility.
Premier Energies Intraday Strategy
Buy on dips near Rs. 850–860 or buy on breakout above Rs. 875 with a strict stop loss at Rs. 829.
On the upside, the stock can move towards Rs. 895 and Rs. 915. A strong breakout can extend towards Rs. 930.
Premier Energies Support and Resistance Today
Support: Rs. 850, Rs. 830, Rs. 790
Resistance: Rs. 875, Rs. 895, Rs. 915, Rs. 930
Final View
Premier Energies remains bullish for intraday trading with strong momentum and volume breakout. However, traders should remain cautious as the stock is in overbought territory and may witness sharp swings.
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Intraday Recommendations for 12 March 2026 |
| 1] Canara Bank: Sell at Rs.147, Target Rs 142 Stop Loss Rs. 150; |
| 2] HAL: Buy at Rs.3960, Target Rs.4200, Stop Loss Rs.3900; and |
| 3] Castrol India: Buy at Rs.185, Target Rs.190, Stop loss Rs.182. |
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Paresh Gordhandas is a distinguished Chartered Accountant and one of India’s most respected Research Analysts, with an illustrious career spanning over 35 years in equity and mutual fund research. Recognized as a pioneer in the field of investment analysis, he has guided generations of investors with his sharp insights and unbiased evaluations of the Indian capital markets.
He is a regular face on leading business news channels such as GS TV and others, where his expert opinions on stocks, IPOs, and mutual funds are highly valued. His analytical articles frequently feature in prominent investment publications and financial portals, reflecting his deep understanding of market dynamics.
Beyond research, Mr. Gordhandas is also a successful entrepreneur. He is the driving force behind several innovative ventures, including BigGaddi.com, India’s leading used commercial vehicle platform, and StaffAvailable.com, a reputed overseas recruitment portal. As a domain expert in mutual fund analysis, his views and recommendations are exclusively featured on Sahifund.com, one of India’s growing mutual fund research platforms.