PERSISTENT trade ideas
Persistent trading near resistancePersistent is trading near the resistance level. IMO there would be a retracement till the trendline before a breakout which can be a good entry point.
Investment plan for PERSISTENT Investment Plan ( My own, don't take it as a call or advice, just an Idea )
This stock is making a great pattern known as descending triangle pattern, on the weekly time frame, but here you will see how the stock went under breakdown
in May 2022, the stock got out of pattern and marked a lower low there with a bottom around 3100 levels; it retraced back.
Still, the stock made a W bottom there and came up with power and retraced back to the W bottom neckline and now coming back up at the supply node of old
descending triangle. breakout form this node can give a great upside till old All time high = 5000 levels and as per Higher low and higher high on weekly and monthly
Time frame theory looks like the stock might move higher, which can be speculated from fibo series and upside two levels can be taken as 5500 and 6000 ( near fibo levels and
round off numbers )
Good luck :D
Trade as per limits and risk managements rules, always consult professionals before taking any trades . Thanks
Descending triangle pattern breakout in PERSISTENTPERSISTENT
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Descending triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4620+.
✅Can Go short in this stock by placing a stop loss below 3855-.
Stock at critical JunctureToday will be result reaction for the stock.
Today's closing will decide whether the pattern gets validated or not.
Let us see how this develops
Swing Trade hold 2-3 days Book 4%Trendline breakout in PERSISTANT SYSTEM
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 4-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 3960
Target Price 4125
Note:- I am not SEBI Registered This Trade is only educational Purpose.
#Persistent systems cash : Looks good around 3970-75#Persistent System cash -Positional call
02.01.2023
Looks good around 3970-75
Stoploss 3900
Target 4200/4400
Cmp 4028
Strong Breakout Persistent SystemGolden Crossover (50 EMA crossing 200 EMA)
W pattern breakout with increasing volume
Strong Financial.
No any trade recommendation. This is just only for educational purpose.
PERSISTANT SYSTEMS LONG (RISKY)Persistent Systems has always been above the long and mid term EMAs showing that it is an up trending stock. Price is above all long term EMAs. Resistance @ 3920 looks converted into support. We think that it is a Buy @ 4050. Target 1 @ 4766. Stop Loss Below 3800 Thereafter we can trail.
Investment/Positional opportunity for 20% || Persistent SystemBuy Mindtree at CMP of 4050 for a target of around 5000. It is a positional opportunity and stoploss is not required as it is a fundamentally good stock, if the price comes to 3200 levels then we can add more as well.
Do FOLLOW for more such ideas!
PERSISTENT Formed a reversal pattern in smaller time framestock is forming and inverted head and shoulder pattern in 5min time frame if sustains and breaks the EMA then it can give a good swing opportunity. Must keep in Radar.
Double bottom breakout - Long positionStudy:
1. Double bottom breakout with good volume in Daily chart
2. Rectangle pattern breakout in 1 hour chart
3. Good support from 200 EMA
Targets and SL are shown on the chart
Persistent Systems - Bullish above 4920The 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 ot breakout.
Beyond 4920 this stock will turn bullish.
This analysis is for academic purpose.
Perisistant Systems - Head and Shoulders - ShortStock has formed H&S pattern on the daily chart. it is consistently showing lower highs and lower lows. Trading below 50 DMA.
The stock price will pursue 2733 which is a traditional support. The Coppock curve is also downward trend below zero.
The analysis is for academic interest only
Persistent system Daily TFLooking good above 100 DEMA and the horizontal TL.
Can do 3999-4000 above 3685-3690.
Last days volume is also good.
PERSISTENT 1DPERSISTENT : Breakout done, Heavy Momentum!!!!
Break Resistance Test 4th time
Stoploss & Target already mentioned on Chart
Cheers,
AS_Vishwakarm
Long PersistentLong persistent , channel breakout is there and entering in to new parrallel channel.
Earning is also good last quarter
Persistent: Perfect Double bottom on Weekly Time framePersistent: Perfect Double bottom on Weekly Time frame
Buy above 3980 with SL of 3924
Targets: 4000/4029/4067
Trail SL for max gains in Intraday.
Disclaimer: Im not SEBI registered, contact your financial advisor before any investment.
Persis Systm BullishPersis Systm seems cup with handle breakout in daily concentrate if price sustain above 3980 in daily
PERSISTENT SYSTEMS - CUP & HANDLE PATTERN- Price Coming Out Of Cup & Handle Pattern.
- Nice Consolidation Before Breakout.
- Good Volumes.
- IT Sector Reversing.
Long Persistent above 3910 closing on a Daily basisPure Price action. Resistance at 3900
Buy trade active above 3910 on a closing basis candle --focus on power candle i.e. bullish engulfing
