PERSISTENT - All Time High Breakout - Swing/InvestmentThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently.
The analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
PERSISTENT
Persistent system at level of Make or Break ??IT sectors strong player persistent system is at all time time high ,not its time for decision if you alredy in should you exit ?or if you think to in is it right time?
this all things we are going to discuss here,
slightly my view is strong on stock with strict with 120 SL.
for 1-2 month horizon ,
because its 3 rd time stock is going to touch same level again if it will break up side its posible to touch new hight up to 6k,
but if fails then another 3-4 month is not good for stocks.
lets see progress be connected with me i will update idea time to time.
Thanks
Ravindra Bhise
PERSISTENTPERSISTENT:- Ascending triangle pattern has formed and the stock is trading in a small range near the resistance, it may give downside movement, wait for proper entry, till then keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PERSISTENT CHART ANALYSISPersistent after falling or Facing Major Resistance From its High,,, Get support and Make upmove Through trendline parallel channel and Reaching again its Resistance Fall from 1st Time
Now Again Its His Major Resistance and and looking at the Volumes It can break or We Can See Such Big Move In Upcoming Sessions
Investment plan for PERSISTENT Investment Plan ( My own, don't take it as a call or advice, just an Idea )
This stock is making a great pattern known as descending triangle pattern, on the weekly time frame, but here you will see how the stock went under breakdown
in May 2022, the stock got out of pattern and marked a lower low there with a bottom around 3100 levels; it retraced back.
Still, the stock made a W bottom there and came up with power and retraced back to the W bottom neckline and now coming back up at the supply node of old
descending triangle. breakout form this node can give a great upside till old All time high = 5000 levels and as per Higher low and higher high on weekly and monthly
Time frame theory looks like the stock might move higher, which can be speculated from fibo series and upside two levels can be taken as 5500 and 6000 ( near fibo levels and
round off numbers )
Good luck :D
Trade as per limits and risk managements rules, always consult professionals before taking any trades . Thanks
Persistent for Short TermChart -> Persistent System Daily
After a brief downtrend, Persistent has given a double bottom breakout.
CMP: 3563
Target: 3772, 3988
SL: 3395
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Persistent don't get caught If Breaks Then The Targets could be Taken at 4227 .
Time Frame :- 1 Hour
Patterns Name :- Inverse Head and Shoulders
Symbol Name :- Persistent
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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