Premier Polyfilm (NSE: PREMIERPOL) has built a clean inverse head & shoulders on the 3H chart over the last ~6 weeks, and price is now trading right at the breakout zone, with fresh Q2 results backing the move.
📐 Structure
Left shoulder: ~87 (early Sep)
Head: 78.15 (Sep 21–22)
Right shoulder: ~88 (Oct 1), a higher low than the left shoulder
Neckline: rising, currently around 102–102.5
Horizontal supply: 106.10–106.70. It has been rejected 3 times (Sep 24, Oct 2, Oct 9).
Price closed the week at 103.50, above the sloping neckline but still below horizontal resistance. The true breakout is a close above 106.70.
📊 Volume
The strongest volume bars came off the head (Sep 23–24) and on the right-shoulder reversal (Oct 2). Demand is showing up on the way up. The latest bar is below the 20-period average (185K vs 438K), so I want to see expansion on the breakout before committing fully.
📈 Fundamentals: Q2FY27 Results 👍
Revenue: ₹115.06 Cr, up 38.3% YoY and 15% QoQ
EBITDA: ₹14.53 Cr, up 18.2% YoY and 7.5% QoQ
PAT: ₹9.81 Cr, up 24.5% YoY and 10% QoQ
H1FY27: revenue up 36.5%, PAT up 34.8% YoY
Growth is strong and consistent, with this being the 5th straight quarter of YoY sales growth. The one soft spot is margins. EBITDA margin fell to 12.63% from 14.78% YoY, so profit is growing slower than revenue. That’s worth watching next quarter, but it doesn’t break the story.
🎯 Trade Plan
Aggressive entry: 102.5–104 (on the neckline reclaim)
Confirmed entry: 3H/daily close above 106.70 on above-average volume
Stop loss: 94.50 (below the Oct 10 swing low)
Target 1: 115
Target 2: 124–125. This is the measured move: pattern depth of ~22 projected from the neckline.
Invalidation: a close back below 99 (under the neckline) negates the pattern.
Not investment advice. Do your own research and size positions accordingly.
Tags: PREMIERPOL, inverseheadandshoulders, breakout, chartpattern, NSE, smallcap, Q2FY27
📐 Structure
Left shoulder: ~87 (early Sep)
Head: 78.15 (Sep 21–22)
Right shoulder: ~88 (Oct 1), a higher low than the left shoulder
Neckline: rising, currently around 102–102.5
Horizontal supply: 106.10–106.70. It has been rejected 3 times (Sep 24, Oct 2, Oct 9).
Price closed the week at 103.50, above the sloping neckline but still below horizontal resistance. The true breakout is a close above 106.70.
📊 Volume
The strongest volume bars came off the head (Sep 23–24) and on the right-shoulder reversal (Oct 2). Demand is showing up on the way up. The latest bar is below the 20-period average (185K vs 438K), so I want to see expansion on the breakout before committing fully.
📈 Fundamentals: Q2FY27 Results 👍
Revenue: ₹115.06 Cr, up 38.3% YoY and 15% QoQ
EBITDA: ₹14.53 Cr, up 18.2% YoY and 7.5% QoQ
PAT: ₹9.81 Cr, up 24.5% YoY and 10% QoQ
H1FY27: revenue up 36.5%, PAT up 34.8% YoY
Growth is strong and consistent, with this being the 5th straight quarter of YoY sales growth. The one soft spot is margins. EBITDA margin fell to 12.63% from 14.78% YoY, so profit is growing slower than revenue. That’s worth watching next quarter, but it doesn’t break the story.
🎯 Trade Plan
Aggressive entry: 102.5–104 (on the neckline reclaim)
Confirmed entry: 3H/daily close above 106.70 on above-average volume
Stop loss: 94.50 (below the Oct 10 swing low)
Target 1: 115
Target 2: 124–125. This is the measured move: pattern depth of ~22 projected from the neckline.
Invalidation: a close back below 99 (under the neckline) negates the pattern.
Not investment advice. Do your own research and size positions accordingly.
Tags: PREMIERPOL, inverseheadandshoulders, breakout, chartpattern, NSE, smallcap, Q2FY27
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.