NeeteshJain
Long

PERSISTENT - WEEKLY BREAKOUT

BSE:PERSISTENT   PERSISTENT SYSTEMS LTD
968 views
28
968 6
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
Jun 07
Trade active
Jun 08
Trade active
Jun 12
Trade active: Crossing 660 levels.
Jun 13
Trade active
Jun 15
Trade active: Crossing 670 levels
Jun 18
Trade active: Crossing 680 levels
Oct 04
Trade active
Interesting ..me just watching it and loving the way its moving. :)

Thank you
+1 Reply
NeeteshJain Victory4sure
@Victory4sure, Wish you the best, Regards
Reply
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
Reply
SagarBathini SagarBathini
@SagarBathini, P.S. I am novice trader. hope i get answer from @NeeteshJain regarding the way i think about volume.
Reply
NeeteshJain 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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out