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stockmitra

PERSISTENT short side trade

Short
PERSISTENT SYSTEMS (NSE:PERSISTENT)  
stockmitra Updated   
NSE:PERSISTENT   PERSISTENT SYSTEMS
Supply and Demand Double Top or Bottom shortsetup informationtechnology
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supplyanddemand doubletoporbottom shortsetup informationtechnology
PERSISTENT SYSTEMS has reached the supply zone with no major retracement move and formed an inside candle with the low of the candle being broken today. A strong bearish candle in the making which is indicating confirmation to go short side trade. Short side trade via put option or short future with buying call as hedge makes sense. SL 4964 tgt 4560, 4460
Comment:
First target of 4560 done.
Trade closed: target reached:
Second target of 4460 also done.
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