padiyara

Persistent 612 in a descending triangle,expect 386 points move

Short
NSE:PERSISTENT   PERSISTENT SYSTEMS
100 views
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.

Comments

https://in.tradingview.com/chart/uCvYt7hy/ Persistent has taken support at 200WEMA !! Next 4 weeks will make picture clear!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out