padiyaraa
Short

Persistent 612 in a descending triangle,expect 386 points move

NSE:PERSISTENT   PERSISTENT SYSTEMS
93 2 4
Persistent             612 is currently trading in a descending triangle , actually it is a continuation pattern, but bearish where ever it forms. The base Hight is approx. : 386. Hence on down side as per the pattern, a target expected is 226. Whereas an upside break out will take the stock to new high.
Comment: coming down as said in advance.
https://in.tradingview.com/chart/uCvYt7hy/ Persistent has taken support at 200WEMA !! Next 4 weeks will make picture clear!
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