PERSISTENT - WEEKLY BREAKOUT Long

PERSISTENT SYSTEMS LTD.BSE

Description

⋅ Jun 7, 2017 6:34 AM

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

⋅ Jun 7, 2017 6:36 AM

Trade active

⋅ Jun 8, 2017 6:51 AM

Trade active

⋅ Jun 13, 2017 3:58 AM

Crossing 660 levels.

Trade active

⋅ Jun 14, 2017 4:02 AM

Trade active

⋅ Jun 16, 2017 4:08 AM

Crossing 670 levels

Trade active

⋅ Jun 19, 2017 3:58 AM

Crossing 680 levels

Trade active

⋅ Oct 4, 2017 7:10 AM

Comments

Victory4sure

⋅ Jun 16, 2017 4:18 AM

Interesting ..me just watching it and loving the way its moving. :)

Thank you

NeeteshJain

⋅ Jun 16, 2017 4:36 AM

@Weshaal, Wish you the best, Regards

SagarBathini

⋅ Jun 8, 2017 6:59 AM

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

SagarBathini

⋅ Jun 8, 2017 7:03 AM

@SagarBathini, P.S. I am novice trader. hope i get answer from @NeeteshJain regarding the way i think about volume.

NeeteshJain

⋅ Jun 8, 2017 7:05 AM

@SagarBathini, Keep holding for now, volumes shall pick up with days to come. Sit tight and hold it for 2-3 weeks.

SagarBathini

⋅ Jun 8, 2017 7:06 AM

@NeeteshJain, I believe in you sir. :)