Privi Specialty Chemicals – Trendline Breakout in ActionPrivi Speciality Chemicals LimitedNSE:PRIVISCLTrendxincPrivi Specialty Chemicals – Trendline Breakout in Action PRIVISCL 📈Pattern & Setup: Privi Specialty Chemicals is displaying a **descending trendline breakout** on the daily chart. After weeks of consolidation near the 2300–2500 range, the stock has now broken above its trendline resistance with strong bullish momentum and healthy volume — a solid technical confirmation of breakout strength. This breakout follows a **rounding base formation**, where the stock first paused, built strength, and is now resuming its prior uptrend. The price structure indicates that supply is getting absorbed and fresh demand is pushing prices higher. Once the stock sustains above 2520, it can extend its move toward 3000+ levels — marking a potential 20% upside. 📝 Trade Plan: Entry: Above 2520 with strong volume confirmation. 🚩Stop-Loss: 2400 (below recent swing low). 🎯Targets: Target 1 → 2750 (short-term move). Target 2 → 3010 (measured move target, ~20.7% potential). 💡Pyramiding Strategy: 1. Enter 50% position on breakout above 2520. 2. Add remaining position above 2600 after retest confirmation. 3. Trail stop-loss to 2470 once price sustains above 2650. 🧠Logic Behind Selecting this Trade: The breakout setup is clean — long consolidation, higher lows, volume support, and a decisive trendline breach. This kind of breakout generally attracts momentum traders and institutional flows, making it ideal for a swing trade setup. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is purely for educational purposes and not a buy/sell recommendation. Always consult your financial advisor or do your own research before investing.