Can $NSE:PERSISTENT Will face Resistance?
Updated
Dear Followers,
I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock
PERSISTENT I have been monitoring.
Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 5890-5870 level then possibly we can see 5500-5400 level so if you are ready to take Risk then I have 2 Strategies For Month Of Sep Series that we can Deploy.
1) Buying an Option
Strike Rate= 5700 PE
Buy Price= 75
Stop Loss= 50
Target = 120,150
Time Frame 7-8 Days
Investment = 13200
maximum Loss= 4400
Profit Upto = 13200
2) Hedge strategy
Stock Name-PERSISTENT1!
Future Entry Level - Sell Below 5860-50
Future Stop Loss Level- 5910
Future Target Level- 5600,5500
Option Level- 6000 CE Near 90
Investment = 45000
Maximum Loss = 14000
Profit Upto = 25000
Best Regards,
Ajay Metha
I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock
PERSISTENT I have been monitoring.Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 5890-5870 level then possibly we can see 5500-5400 level so if you are ready to take Risk then I have 2 Strategies For Month Of Sep Series that we can Deploy.
1) Buying an Option
Strike Rate= 5700 PE
Buy Price= 75
Stop Loss= 50
Target = 120,150
Time Frame 7-8 Days
Investment = 13200
maximum Loss= 4400
Profit Upto = 13200
2) Hedge strategy
Stock Name-
PERSISTENT1! Future Entry Level - Sell Below 5860-50
Future Stop Loss Level- 5910
Future Target Level- 5600,5500
Option Level- 6000 CE Near 90
Investment = 45000
Maximum Loss = 14000
Profit Upto = 25000
Best Regards,
Ajay Metha
Trade active
Trade executedTrade closed: stop reached
Stop Loss Hit
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