Reason for short a) false high b) risk is 3.7% intraday and if breakdown can be more than 5 % SL compulsory able to break 3 month low
It is now at 52 week low. In 2022 it is fall down now it can hold this level or break this level down if it hold then we can go long other wise it is in the hands of bearsss
Reason for short a) Bearish flag b) Volume and price spurt, but the price still spiked upwords hence SL compulsory For intraday only
Double Bottom Breakout. also there is MACD crossover. and RSI is around 60. one can long on PERSISTENT with target - 3822 around 7% stoploss - 3445
If daily candle close above 3551 then we can make entry, we can make entry after 3.15 PM today Target - 3600 Stop loss- if day candle close below 3550
Persistent made inverse head n shoulder pattern on an hourly charts & trading comfortably above neckline with decent volumes. Could be bought with mentioned stoploss & targets.
Persistent Systems is a good long term story available at what some consider expensive valuation of 41.6 PE at CMP 3757.65. It is a company with Zero promoter pledge and low debt where Mutual funds and FII/FPIs are increasing their stake. Take X/2 entry in the company at 3852. Second SIP of X/2 entry can be taken at closing above 4008. The targets will be 4247 and...
Persistent is ready to break double top it can be sell because of double top and also trend of Persistent is down trend and double top target is Rs. 2514 and taeget of 1 is Rs. 3100 so it can be sell and my opinion is it can be sell and STOP LOSS is Rs.3798 And thank you to visiting this channel and pls like and follow me TECHDARSHRESEARCHER and come here...
PERSISTENT SYSTEMS SHORT Double top pattern and on the resistance levels. Short term move. No recommendations.
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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
Chart looks like will support moving average can enter with Green Candle. SL As Your Risk
I have chosen two stocks showing the said pattern which are very effective and easy to trade. enjoy. take care. only for educational purposes.
setup on very small time frame... will book in small profit as the move will happen according to time frame so cant expect more
As for nifty iT is started bullrun so keep eye on persistent above 4345 is making bullish run
BUY #PERSISTENT STOCK PRICE @ 3214 RS 50% ROI EXPECTED Buy Entry @ 3214.45 Target @ 3816.45 Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually...
Breakout & retest structure. The follow up shudl be good.
#PERSISTENT CMP 3253.5 BREAK OUT LEVEL 3300 VIEW BULLISH STOCK sustained above previous BO level; Expecting fresh BO above 3300 soon