Demand zone spotted📈 PERSISTENT SYSTEMS LTD – TECHNICAL ANALYSIS
📆 Date: June 6, 2025
🔍 Timeframe: 15-Minute
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Demand Zone Bounce with Overhead Resistance
The stock witnessed a sharp rally from a fresh demand zone and is now approaching a key resistance zone. Intraday traders should watch for price action near these zones for potential reversal or breakout trades.
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Possible Demand Zone: ₹5569 – ₹5556
Price took strong support here and reversed with a bullish breakout candle backed by good volume.
• Entry (Post Confirmation): ₹5569
• Stop Loss: ₹5548
Target Levels (R:R Based):
• Target 1: ₹5614 (1:1)
• Target 2: ₹5660 (1:2)
• Target 3: ₹5685 (1:3)
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📌 Setup Notes:
• Demand zone reaction indicates buyer interest; keep watch for re-entry on retest.
• RSI or MACD bullish confirmation may support long bias from demand zone.
• Avoid trades in the mid-range between zones — wait for price to test or break zones decisively.
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⚠️ Caution:
• Avoid long trades if price gaps below the demand zone.
⚠️ Risk Management Tip:
Never chase a breakout blindly. Always have a defined entry, stop loss, and target. As price enters overbought zones, risk control becomes even more important. Focus on capital protection, especially when trading momentum setups.
📢 Disclaimer
This content is for educational and informational purposes only. It is not investment advice, stock tips, or a recommendation to buy/sell. Stock market trading involves risks. Always consult a SEBI-registered advisor before taking any trades. The author is not SEBI-registered and cannot be held responsible for any losses. Practice sound risk management and do your own research.
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