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PERSISTENT SYSTEMS LTD.PERSISTENT SYSTEMS LTD.PERSISTENT SYSTEMS LTD.

PERSISTENT SYSTEMS LTD.

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PERSISTENT trade ideas

Persistent System -Buy Above 5000, Sell Below 4790 Technically speaking, Persistent System has been in an upward channel for some time now so two types of trades can be initiated here: one is buying the stock when it closes above 5000 with stop loss at 4900 and targets at 5250-5400-5500. However, this should only be done if there’s confirmation from volume as well as closing filter applied for 2 bars closing together or more before initiating trade. On the other hand, short side could also be initiated if Persistent System closes below 4790 with SL of 4900 & Target of 4650 and 4650 and as RSI is in Overbought Zone. Overall probability of success would depend upon whether breakout happens or not, since we have seen stocks consolidating within channels over past months, chances are higher for successful Short Trade than Breakout Trade. Hence once should be flexible while taking any position.
NSE:PERSISTENT
by vedgawkar
Initiating a SELL on Midcap IT stock Persistent Systemsin.tradingview.com Markets have been showing lack lusture recently. Infact they have broken out of consolidation zones and started plummeting. And this fall looks serious and warrants further downfall in upcoming months. Keeping the broader macros and valuations in mind, one can initiate a sell on IT midcap, Persistent systems, recently it tested its sub 5000 levels for the third time which appears to be a triple top formation and this week's close below 4900 will be a nail in the coffin, giving a gravestone DOJI formation. The position can be a positional one for the month of March and positions can be made for 3 targets: 4900-4700-4300
NSE:PERSISTENTShort
by TanmayAggarwal
1
PERSISTENT - All Time High Breakout - Swing/InvestmentThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently. The analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:PERSISTENTLong
by TradewithAditya
Persistent system at level of Make or Break ??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 it will break up side its posible to touch new hight up to 6k, but if fails then another 3-4 month is not good for stocks. lets see progress be connected with me i will update idea time to time. Thanks Ravindra Bhise
NSE:PERSISTENT
by RavindraBhise
3
PERSISTENTPERSISTENT:- Ascending triangle pattern has formed and the stock is trading in a small range near the resistance, it may give downside movement, wait for proper entry, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:PERSISTENTLong
by AjayDhakad_Keep_it_simple