LIFE LESSON'S FROM NIFTY50 !!Anyone who has strived for anything in life has faced resistance (or is bound to face it). That's probably one of the universal laws of life.
Just like Nifty we face it too in our lives. But if you observe in the longer run persistency matters the most out of all. All the ups & downs of life will look similar to 2008 & 2020 (March) if you keep going.
It's the attitude of 'Never Giving Up' what counts the most.
The Darker the Night, The Brighter the Stars.
The Longer the Resistance, the Higher you'll Soar.
In the long run - All those failures and setbacks do not matter. They aren't even observable in the big picture.
Set your perspective right about your life.
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This is the story of us, our economy. Story of all the people who believed in India Inc.
This prove that Mr. Jhunjhunwala is right to be an aggressive optimist when it comes to our economy.
Capitalism allows every one to take part in this story. Stock Markets are an enabler of wealth creation.
Our story hasn't even begun yet. We are all in the initial stage of an actual bull run of crossing 5 Trillion and so on and so forth.
In the end,
New IPO's will be launched and the story will keep on continuing with new corporations and new dreams.
PERSISTENT
Persistent Systems Positional Buy Range 1120-1170 Persistent Systems:
Accumulate between 1120-1170
SL 1040 (For low risk 1080)
Target: 1185, 1194, 1210, 1218, 1234, 1254, 1270, 1284
if sustain above 1270 on closing basis then further upmove possible
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PERSISTENT SYSTEMS - Symetrical TriangleMaking Symetrical Triangle on 45 min chart. Targets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Persistent Systems at accumulation levelAs per the weekly charts, Persistent Systems is at Accumulation/buy zone.
It is one of the next generation Indian IT company who is fully into Digital technologies, IOT, Cloud.
Buy for the targets of 700 and 800.
Add on the dips up to 570. Maintain SL of 550 on the weekly closure.
PERSISTENT SYSTEM - (LONG) WEEKLY MULTIPLE BOTTOM SUPPORT.Stock price has reached its long term support of multiple historical bottoms placed around 555 on the weekly chart
RSI is placed around 40 and showing some strength.
Stochastic oscillator has reached oversold zone and just crossed its signal line upside, indicating the chances of bullish trend reversal.
Stock is on the verge of forming bullish engulfing candlestick pattern on the weekly chart
So One can buy NSE:PERSISTENT @ 560, for a target of 625 and keep stop loss at 545. - SB7 INVESTMENTS.
PERSISTENT - WEEKLY BREAKOUT 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