PERSISTENT trade ideas
Swing Trade - Holding period 3-5 months Persistent Systems - CMSwing Trade - Holding period 3-5 months
Persistent Systems - CMP 4031
buy fo rtarget 4200-4320-4450-4500+
sl below 3900
PERSISTENT SYSTEMS - Swing Trade - 17th March #stocksPERSISTENT 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
Stock bull trend Persistent CMP 8432
Fib- again the dip to 38.2% from a higher zone is tremendous strength. Its first major resistance is at 11100 and then 13K both are confluence zones.
On the 4hr chart all the three Ma's are about to merge. Hence its at am imp zone. A close above the trendline on the 4Hr chart will mean the stock is ready to shoot.
PERSISTENT ( potential to break its all time high)
all HTF ( M, W, & daily) shows its bullish structure with uptrend..
buy in daily demand zone for the tgt all time high...
PERSISTANT TARGET 9774 STOP LOSS 8512Scrip is in the day uptrend channel brekaout from the previous month resistance of 8821 and day bullish closing with last one hour bullish with buying mode. if it sustains above the resistance of 8821 then it will reach the short term target of 9074 and if it sustains above the pivot level of 9074 then reach the second target of 9774
PERSISTENT STOCK ANALYSISThe chart is self-explanatory and shared for educational purposes.
1. Moving Averages (MA): PERSISTENT SYSTEM stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend.
2. Trendline Support: The stock has strong trendline support & accelerated trendline, suggesting that there is a well-defined upward trend in place.
3. Consolidation zone: A consolidation zone can be a trend continuation formation or a trend reversal formation, depending on whether the price breaks out of the zone in the direction of the previous trend or the opposite direction.
4. Trade with Stop Loss: This is a risk management strategy. Placing a stop-loss order helps limit potential losses if the trade goes against expectations.
5. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10% within 3 months.
It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee future outcomes. Market conditions, news events, and other factors can influence stock prices.
If you're considering acting on this information, conduct thorough research, consider the broader market conditions, and be aware of potential risks.
Persistent Systems Limited is Bullish with Awesome FundamentalsEducation Purpose Only...
Fundamentally Strong ..
Good Revenue, Net Profit, DII, FII Holding, Bullish
PERSISTENT System Buy for 35% GainPERSISTENT 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.
PERSISTENT - BUYThe following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
Swing Trade opportunity in PERSISTENT.
Buy Range - 4714 - 4624
Sell Range - 5056 - 5100
#Persistant System | #Inverted H&SThe stock is on a verge of giving Inv H&S breakout neckline resistance is 4920 sustaining above will open for higher targets
PERSISTENTPERSISTENT
ON monthly tf it is looking for long it also break the monthly resistance and going for the ATH
Education purpose only - Persyson 75 min chart.. good consolidation visible.. it is already in uptrend..
it can give another BO..
lets see how the hypothesis is played...
Target 7500/-
PERSISTENT SYSTEM correctionA decent correction is forming up which is likely to be completed within few weeks which should go further up in coming weeks.
It's a positional and long term trade.
It's just an idea trade with a proper risk (your own risk)
Persistent Systems - Breakout weekly chart with a target of 7100This is a Persistent weekly chart for study purpose and kindly don't buy or sell based on my view. it is just for educational purpose.
FlagBO done, can enter now as well on possible retest.
Blueline = Probability
Redline = SL
--- --- ---
We do not profit from yesterday's growth, but the growth of tomorrow which will gives us profits in the Stock Market.
Bullish Flag Pattern Breakout & Pullback Pattern in Persistent.Hello Traders & Investor,
I have brought another analysis on Persistent System which has given a neat and clean breakout of BULLISH FLAG PATTERN , after that price has pullback to retest the breakout zone. Now it is ready to fly in blue sky..Well Guy's i already have told earlier about this flag pattern but still i will tell you all in short here,
Q:- What is a flag pattern?
Rahul:- A flag is a formation in the technical chart representing a period of temporary consolidation or pause before the trend continues to move either upward or downward.
I hope you have got it.
So, guy's whenever you see this pattern, wait for breakout and then take entry or you can enter after retest the levels (Pullback). The risk and reward is really very favorable if you take entry after any bullish flag pattern breakout.
ABOUT COMPANY:-
Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration. It also has partnership with providers such as Salesforce and AWS.
Market Cap
₹ 45,375 Cr.
Current Price
₹ 5,899
High / Low
₹ 6,035 / 3,611
Stock P/E
45.2
Book Value
₹ 574
Dividend Yield
0.68 %
ROCE
30.3 %
ROE
25.3 %
Face Value
₹ 10.0
Debt
₹ 555 Cr.
EPS
₹ 128
PEG Ratio
1.84
Promoter holding
31.1 %
Intrinsic Value
₹ 2,371
Pledged percentage
0.00 %
EVEBITDA
26.6
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 24.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.6%
Company's median sales growth is 17.4% of last 10 years
CONS
Stock is trading at 10.3 times its book value
Important levels for .PERSISTENT SYSTEM LTD.
Buy in between 5915-5850.
Targets we can see 6370/6883+
Keep Stop loss at 5599.
Price is above 200 EMA
We have seen Proper Breakout of Bullish Flag Pattern in daily timeframe.
with Good Volume
Price is sustaining above breakout of Flag Pattern and it has given pull back to retest the levels
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Long on Persistent Systems( smart money concepts)in 15 min TF it has taken out all the stops at support of previous highs and then displaced upwards,
entry can be taken at zone of imbalance and breaker block marked in screen ,
it is 6.7 RR trade which is pretty good
Persistence key to success ?Persistence key to success ?
Breakout testing, Seems Overbought at this stage...lets see, in case breakodown...short
This is rising even on nifty slowdown. might be ok in short runThis is rising even on nifty slowdown. might be ok in short run
Super risky trade.
Stop loss and hedge must for this breakout trade.
#PERSISTENTEnter near 5917 which is the support to retest No Overlap and confirm the rise ahead
Starts a new journey
Entry at Intraday with CCi 34 >110 and CCI 8 5 < -135
# PERSISTENT #NSE - SWING IDEAPERSISTENT SYSTEMS
Looks like trying to breakout.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
