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PERSISTENT – Bullish Engulfing + RSI Breakout📊 PERSISTENT – Technical & Educational Snapshot Ticker: NSE: PERSISTENT | Sector: 💻 IT Services CMP: ₹ ▲ (as of 20 Aug 2025) Rating (for learning purpose): ⭐⭐⭐⭐ Pattern Observed: 📈 Bullish Engulfing + RSI Breakout PERSISTENT is displaying strong bullish momentum across multiple technical indicators. The presence of a strong bullish candle with Open = Low, combined with an RSI breakout, highlights aggressive buying pressure. A Bullish Engulfing pattern further supports the continuation bias. Meanwhile, the Bollinger Band Squeeze-Off suggests increased volatility with a likely breakout on the upside. Together with a volume-supported move, these signals indicate strength in the trend. 📊 Volume Check: 🔹 Current Volume: 628.85k 🔹 20SMA Volume: 604.21k ✅ 💥 Above average – confirming genuine buying interest! 💡 Learnings: Bullish engulfing + Open=Low candles often signal strong buyer dominance. RSI breakouts are stronger when paired with above-average volumes. Bollinger Band squeeze-offs frequently precede powerful directional moves. Defining pullback areas and invalidation levels helps structure risk management. Key Levels: Resistance: 5410 | 5475 | 5580 Support: 5240 | 5135 | 5070 Pullback Level: 5284 Invalidation Level: Close below 5008 STWP Trade Setup: Entry (Long): Above 5370 Stop Loss: 5173 or below Reference Levels: 5566 | 5763 ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes be larger than the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are an experienced trader, remember to assess your own risk, position sizing, and strategy suitability before entering any trade. Consult a SEBI-registered financial advisor before making any real trading decision. By reading, watching, or engaging with this content, you acknowledge that you take full responsibility for your own trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. ✅ Follow simpletradewithpatience for beginner-friendly setups, price action insights & disciplined trading content. 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:PERSISTENTLong
by simpletradewithpatience
PERSISTENT : Coming out from the ZONE!Key Observations: Price Action Context: The stock is currently trading at ₹5,306, showing a strong +2.78% intraday move. This price action is occurring within what appears to be an extended retracement zone of the prior swing, suggesting a possible consolidation before continuation. Wave Analysis (Elliott Wave Perspective): Wave C appears to have completed in the ₹3,234 – ₹5,464 zone, which is typically where corrective waves terminate before a new impulsive move begins. The current structure hints at a bullish Wave 5 extension, with a projected completion zone between ₹5,104 – ₹5,229. Key Levels: Support (Demand Zone): ₹5,104 – ₹5,229 Resistance (Profit Targets): ₹6,032 (initial) → ₹6,222 (extended) Invalidation Level: Daily close below ₹5,104 Why This Setup Matters: Legalarity Concept (Consolidation Before Breakout): The stock is forming a legalarity structure, which refers to a period of sideways price action after a strong trend. This often precedes a continuation move if support holds. Momentum Confirmation: Today’s bullish candle (+2.78%) suggests buying interest near the support zone. A decisive break above ₹5,464 (Wave C high) could confirm the next leg up. Risk Management: Since no trade setup is perfect, we must define where we’re wrong. If price closes below ₹5,104, the bullish structure weakens, and traders should reconsider. Trade Plan (Educational Breakdown): Entry Logic: Aggressive Entry: Near current levels (₹5,300 – ₹5,400) with tight stops. Conservative Entry: Wait for a pullback to ₹5,104 – ₹5,229 support zone. Profit Targets: First Target (₹6,032): Partial profit booking level. Second Target (₹6,222): Extended swing high, where resistance may appear. Stop Loss: Daily close below ₹5,104 (invalidates the bullish structure). Risk-Reward Assessment: If entering at ₹5,300 with a stop at ₹5,100: Risk = ₹200 per share Reward (to ₹6,222) = ₹922 per share Risk-Reward Ratio = ~1:4.6 (Favorable for swing trades) Seasonal & Macro Factors: Historical Trends: The stock has shown strength in Sep-Dec (year-end rally tendencies). Current Market Sentiment: A breakout above ₹5,464 could attract momentum buyers. Educational Takeaways: ✅ Always define support/resistance before trading. ✅ Use invalidation levels to manage risk. ✅ Wave analysis helps anticipate where trends may resume. ✅ Risk-reward should justify every trade. Disclaimer: This is educational content, not financial advice. Do your own analysis. #NSE #PERSISTENT #TechnicalAnalysis #SwingTrading #StockMarket How to Use This Analysis: Watch for confirmation above ₹5,464 for higher conviction. Adjust position size based on your risk tolerance. Track price action near targets for exit signals.
NSE:PERSISTENTLong
by LiveTradingBox