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
Enter 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 SYSTEMS
Looks like trying to breakout.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
PERSISTENT SYSTEMS
Trading in a narrow range.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
Mastering Demand Zones: Advanced Techniques in Stock Market Analysis
Introduction to Demand Zones:
In the realm of technical analysis, demand zones play a crucial role in assessing price movement and making informed trading decisions. A demand zone, also known as a support zone, is a price range on a chart where a particular asset, such as a stock, has...
Dear Followers,
I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock NSE:PERSISTENT I have been monitoring.
Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This...
Market Cap 38,892 Cr.
Stock P/E 41
Industry PE 33
Piotroski score 8
ROCE 31 %
ROE 26 %
Debt to equity 0.17
OPM 18 %
EBIDT growth 3Years 38 %
Promoter holding 31 %
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...
