SWING TRADE with stage 2 break out along with low volume on downside. if pullback fom 50 % fibonicci level then good RR. it should be avoided if price goes below 38.2 fibonicci level i. e. 3135
Persistent systems are on a downward channel on the hourly, can fall to 1850 levels before bouncing back up. Long term it's a long play however it seems like small correction is due.
Price is below kumo clouds which indicates bearish trend, moreover price action is not making higher highs and with ADX and MACD suggesting downward direction, the stock seems like...
As we have seen there is weekly breakout in persistent at 1850, and its closing on date 19 mar 2021 at 1942.20, so it can be hold till 2000 target with sl of rs 1900 for buying point 1920.
