PRIVISCL stage 2 continuation breakoutPRIVISCL stage 2 continuation breakout
Entry 2565-2640
SL 2363
Only for journaling, not a trading/investing tip.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal for learning before and after breakout.
PRIVISCL
Privi Speciality Chemical cmp 2479.70 by Daily Chart viewPrivi Speciality Chemical cmp 2479.70 by Daily Chart view [/ b]
- Support Zone 2382 to 2425 Price Band
- Resistance Zone 2500 to ATH 2540 Price Band
- Ascending Triangle pattern Breakout in the making process
- Very considerate VCP pattern seems formed on the stock chart
- Volumes seen getting in close sync with the average traded quantity
PRIVISCL - Bullish Consolidation with volumesNSE: PRIVISCL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 16% to 22% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
PRIVISCLPRIVISCL:- The stock is about to give a breakout by trapping the sellers, if the stock sustains above the level of 1150, then we can see an upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.