PRIVI SPECIALITY CHE#PRIVISCL
Looking good with decent volume,
focus if the stock breaks 1815 level
with the target of 1870 and 1930
Privispeciality
Upside Breakout in Privi Speciality Chemicals LtdPrivi Speciality Chemicals Ltd NSE:PRIVISCL
The price has broken upward out of a trading range, suggesting the beginning of a new uptrend.
The Upside Breakout pattern features a trading range where prices move sideways between two parallel horizontal lines. This pattern typically indicates a pause or congestion area within an existing trend, though occasionally it results in a reversal of the previous trend.
Regardless, an upside breakout through the upper resistance line signals the end of the consolidation period and the onset of an uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Breakout stocks: Greaves Cotton Privi Specialty Century TextileChart Analysis of Greaves Cotton Privi Specialty Century Textile
Greaves cotton has given a multiyear breakout. After 6 year stock is crossing the level of 185
Inverse head and shoulder breakout in Privi speciality
Century Textile heading towards 52 w high
A Staircase, to growth and to profitsHow often do we find a stock chart that's constructing a complete staircase, adding consolidation and rise block by block, creating umpteen supports and in turn giving out a structure that's firm,robust and astound !!
On its upward journey in last six odd months this stock of Privy has created a wonderful view on the charts (the referred to time-frame is weekly) consolidating, breaking out, rising again consolidating, breaking out, rising and so on. And just now it has taken an all important support on a very crucial rising trend-line at 1890
now if it has to follow the pattern it has been following for last six months then it would consolidate over here and then would give a breakout and if it succeeds to through pass a confluence point at about 1972, then another biggish breakout cant be denied
One can try and ride this, but don't forget to put a strict SL at 1800 and ofc, DYOR !!
PRIVI PRIVISCLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Privi Speciality Chemicals Ltd.Nice breakout above our monthly bullish Point...
Create long near the bullish points..
Targets Marked...
Exit as per your comfort...
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Privi Speciality - Breakout Privi Speciality has given a breakout on very strong volume. One should look for some retracement for any fresh entry as the breakout bar is a very strong upmove and at the current level, the Risk Reward may not be favorable.
Privi Speciality Chemical- Weekly Chart
- Breaking out from 4 Year long consolidation range
- Breakout- Retest
