How 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 !!
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 !!