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Channalpattern

Persistent System -Buy Above 5000, Sell Below 4790 Technically speaking, Persistent System has been in an upward channel for some time now so two types of trades can be initiated here: one is buying the stock when it closes above 5000 with stop loss at 4900 and targets at 5250-5400-5500. However, this should only be done if there’s confirmation from volume as well as closing filter applied for 2 bars closing together or more before initiating trade. On the other hand, short side could also be initiated if Persistent System closes below 4790 with SL of 4900 & Target of 4650 and 4650 and as RSI is in Overbought Zone. Overall probability of success would depend upon whether breakout happens or not, since we have seen stocks consolidating within channels over past months, chances are higher for successful Short Trade than Breakout Trade. Hence once should be flexible while taking any position.
NSE:PERSISTENT
by vedgawkar
BSE ready to fly #bsehi friends BSE was consolidating for two months now came out of traingle pattern and then made new parallel channal and also coming out of this channal above it we can see all time level will be tested but for two days it has been able to sustain at that level . we can expect a bigger move once it breaks that chanal and alltime high level , but we can enter at CMP . also RSI is favourable and has much space to go up . I'm not any SEBI registered person , just making my own analysis.
NSE:BSELong
by Jayprakash_nage