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Upside Breakout in Privi Speciality Chemicals Ltd

NSE:PRIVISCL   PRIVI SPECIALITY CHE LTD
Privi Speciality Chemicals Ltd 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
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