NeeteshJain
Long

PERSISTENT - WEEKLY BREAKOUT

BSE:PERSISTENT   PERSISTENT SYSTEMS LTD
It is been observed on the weekly chart that the price action breaking out from a downward trendline indicating bullish move ahead. It shall further resumes the trend and shall further move up to the previous resistance levels. This setup can also be called as positional trade setup where you hold trades for weeks and months.

Target 1: 700

Target 2: 760

Stoploss: 590
Trade active
Trade active
Trade active: Crossing 660 levels.
Trade active
Trade active: Crossing 670 levels
Trade active: Crossing 680 levels
Trade active
Interesting ..me just watching it and loving the way its moving. :)

Thank you
+1 Reply
@Weshaal, Wish you the best, Regards
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I entered.. but the concern is it has very little volume .. its already 4th day of week.. the break out candle looks weak because of its volume
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SagarBathini SagarBathini
@SagarBathini, P.S. I am novice trader. hope i get answer from @NeeteshJain regarding the way i think about volume.
Reply
NeeteshJain TOP SagarBathini
@SagarBathini, Keep holding for now, volumes shall pick up with days to come. Sit tight and hold it for 2-3 weeks.
Reply
SagarBathini NeeteshJain
@NeeteshJain, I believe in you sir. :)
+1 Reply
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