Privi Speciality Chemicals Ltd – Weekly Breakout SetupPrivi has shown a clean breakout from a long consolidation zone, backed by steady volume expansion. After months of range-bound action, the stock finally broke above ₹2,600 and is now sustaining well above its breakout zone — indicating the start of a new upward leg.
Price action shows strong bullish candles supported by the 10- and 20-week EMAs, signaling trend confirmation.
🎯 Key Levels:
CMP: ₹2,903 (+2.55%)
Breakout Zone: ₹2,500 – ₹2,600
Target Zone: ₹3,150 – ₹3,250
Stop-Loss: ₹2,700 (weekly close basis)
📊 Technical View:
Weekly breakout from multi-month consolidation box.
Volume confirmation supports sustained momentum.
Price trading above both EMAs, confirming bullish trend continuation.
Minor resistance near ₹2,950; sustained move above can accelerate momentum.
🧠 View:
Privi Speciality Chemicals has completed a strong breakout after a long accumulation phase. Sustaining above ₹2,900 can push the stock towards ₹3,200 levels in the coming weeks.
Long
