PERSISTENT SYSTEMS (1D TF) - Swing Trade Analysis given on 17th March, 2024 Pattern: GAP FILLED WITH FALLING WEDGE BREAKOUT - Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress #persistentsystems #niftyit #nifty #swingtrade #midcap
PERSISTENT System Buy for 35% Gaining, showing Double Bottom Formation wait for weekly closing above level CMP : 5060 TGT : 6790 SL : 4700 Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
for educational purpose: cmp 5748 sl 5690 can bounce till 5850-5900-5950
Video highlights similarities with the last earning cycle as well as a good way to play this stock. Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education &...
Persistent systems is making nice running flat, overall trend is upside, it breakout out of correction, looks ready to go, look for breakout of c wave for upside move.
Persistent systems has been in strong bull run from 2020 to end of 2021. Since 2021, the stock is consolidating and has formed a beautiful inverted head and shoulder consolidation as a flag of flag pole pattern The stock might start a new uptrend above 5000. However, buying at top in such volatile market is risky. Kindly trade as per your own analysis.
BUY - PERSISTENT SYSTEMS CMP - Rs. 4693 Target - 1: Rs. 5264 Target - 2: Rs. 5530 . . Technicals - Bullish Flag Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
Looks like the stock has break the Resistance level of 4636-4670 and the price has come for retest. Will create a long position here for target of 4915-4930 with a stop loss at 4610-4600.
Persistent systems, we can long after a weekly BO, above - 5050, with rising volumes. This is not a piece of advise for any one reading out there. Only for Educational Purpose.
PERSISTENT successfully retested the level and looks good to buy above 4830 SL 4796 Targets 4864,4904,4943
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...
On chart it is clearly visible the Resistance zone is very crucial the levels formed are very exact.
It has formed a text book double bottom pattern with good momentum and volumes. IT sector is looking bullish in coming months. However it will be weak below 3750. Disclaimer: Educational post and not a buy/sell recommendation. Please do your own studies.
Good Opportunity to accumulate the stock now 1. Relative Strength in Good Shape 2. Avg RSI above 60 3. Good Institutional buying with increasing volume week by week 5. EPS and Sales also good 6. Breaking base with Handle NSE:PERSISTENT
As per Harmonic PRZ pattern, Persistent Systems may go down till 3700 SL 4900 within 15 - 20 days
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Persistent 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
The stock has tuned bullish and is likely to resume its uptrend beyond 4920. 1) Supertrend has signalled buy 2) It has several buying zones above 50 DMA 3) Nifty IT has turned uptrend and hence IT stocks are likely to gain going forward 4) FII buying has improved gradually 5) Double Top formation and stock going to test resistance third time and hence is likely...