PERSISTENT trade ideas
Cup and Handle shape will serve you nice tea.Typical Cup and handle shape formed after
good consolidation stock ready to zoom on upside.
good risk and reward ratio.
PERSISTENT READY FOR A BREAKOUTprice volume chart...
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DISCLAIMER... ONT AN INVESTING/TRADING RECOMMENDATION
dissecting the ascending triangle in persistent techessentially this is an anatomy of a consolidation...
notable is the movement of price action above the resistance after the vertical line demacation
and high volume swing retest and then further narrowing of downswing range on good volume
breakout of 868 and close will be the key for beginning of the markup
more details..
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disclaimer... not an investing/trading recommendation
Saucer shape or cup shape formedTypical saucer shape formed after
good consolidation stock ready to zoom on upside.
Keep SL of 789 which is lower fiboo level
and for tgts follow upper fiboo level.
persistence sustem longonce close above the resistance level.
Next target will be 1200 rs (50%)
upside potential
Persistent Systems : in Phase D (wyckoff )In Phase D after a long accumulation.
CMP is 820 (23rd May 2018).
Target as per PnF chart is 1360
Looks promising for short termMA ribbon expanding as the prices bounce off with an increase in volume.
MACD and RSI showing positive signs too.
**Stock is Shariah Compliant
PERSISTENT Neckline GapPersistent has been moving around the neckline for a couple of months. Making a good comeback after the gap down, retesting the gap and the neck. Awaiting a breakout to fill the gap or a reversal.
PERSISTANT: Bullish Harmonic PatternAll mentioned on Chart.
Education Purpose only.
For trade decision consult with Financial advisor.
PERSISTENT BreakoutPERSISTENT has bene moving around the neckline for long. Currently testing the 200EMA
Persistent Systems at accumulation levelAs per the weekly charts, Persistent Systems is at Accumulation/buy zone.
It is one of the next generation Indian IT company who is fully into Digital technologies, IOT, Cloud.
Buy for the targets of 700 and 800.
Add on the dips up to 570. Maintain SL of 550 on the weekly closure.
PERSISTENT SYSTEM - (LONG) WEEKLY MULTIPLE BOTTOM SUPPORT.Stock price has reached its long term support of multiple historical bottoms placed around 555 on the weekly chart
RSI is placed around 40 and showing some strength.
Stochastic oscillator has reached oversold zone and just crossed its signal line upside, indicating the chances of bullish trend reversal.
Stock is on the verge of forming bullish engulfing candlestick pattern on the weekly chart
So One can buy NSE:PERSISTENT @ 560, for a target of 625 and keep stop loss at 545. - SB7 INVESTMENTS.
PERSISTENT - WEEKLY BREAKOUT It is been observed on the weekly chart that the price action breaking out from a downward trendline indicating bullish move ahead. It shall further resumes the trend and shall further move up to the previous resistance levels. This setup can also be called as positional trade setup where you hold trades for weeks and months.
Target 1: 700
Target 2: 760
Stoploss: 590
Persistent Systems:- Can it Jump back againCMP 604 Stock just given breakout from falling trend line ; stop placed at 580 Target could be 650/680. Both rsi and Macd positive
Persistent - LongTrigger: Only when Closing price above 608-610 with good volumes.
Note: Can b preempted with small stoploss.
CMP: 600
SL: 570
Target/Resistances: 650, 705,740, then 780!
Persistent systems look positive; expected breakout Expected breakout from the descending triangle pattern channel,
it closed today on the long term support line.
however keep a strict stop-loss as the stock was trading below the support line and now is acting as a resistance.
Long PersistentNSE:PERSISTENT already had broken the trend line was bringing it down and now it's also trading above its resistance, Long can be initiated from here for the target of 625-650
Persistent 612 in a descending triangle,expect 386 points movePersistent 612 is currently trading in a descending triangle, actually it is a continuation pattern, but bearish where ever it forms. The base Hight is approx. : 386. Hence on down side as per the pattern, a target expected is 226. Whereas an upside break out will take the stock to new high.
