PERSISTENT SYSTEM
Key highlights: 💡⚡
📈On 1 DAY Time Frame Stock Showing Reversal of Bullish Flag Pattern .
📈 It can give movement upto the Reversal Final target of above 5095+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 6385+.
📈 Can Go short in this stock by...
Go Long on Persistent as it has given a bullish momentum on Lower Levels
Target , SL as shown on Chart
It is daily Timeframe so you need to hold your position for 1-2 week of time.
Persistent systems is making nice running flat, overall trend is upside, it breakout out of correction, looks ready to go, look for breakout of c wave for upside move.
Trend line Breakout in PERSISTANT SYSTEM
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% 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...
Persistent systems has been in strong bull run from 2020 to end of 2021.
Since 2021, the stock is consolidating and has formed a beautiful inverted head and shoulder consolidation as a flag of flag pole pattern
The stock might start a new uptrend above 5000. However, buying at top in such volatile market is risky.
Kindly trade as per your own analysis.
Persistent System is forming a popular Cup & Handle Chart Pattern. It is near BO level of 5235.
Target 1 : 5935
Target 2 : 6880
Stop Loss: Below Confirmation/BO Candle
Persistent Systems counter has closed a significant raising resistance line.
I think,
a.) we should wait for few days for the Breakout to sustain for confirmation
b.) Wait for possible retesting of the Resistance line.
The counter is look good for the following reasons:
- Break out from resistance level that is being tested during last 18 months, during which...
BUY - PERSISTENT SYSTEMS
CMP - Rs. 4693
Target - 1: Rs. 5264
Target - 2: Rs. 5530
.
.
Technicals - Bullish Flag Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
Persistence Cmp 4984 dated 12-6-2023
1. Ascending Triangle Formation
2. Cup & Handle Pattern formation
Buy above 5005 tgt 5110-5200-5300 SL 4850
It is just a view, please trade at your own risk.
The presistance system is the IT sector good stock to buy the current level the weekly chart is clear show that dec 2021 the 5018 is resistance level. but currenlty the share is brackout and now the price is pullback.
If you are buy this level, this is the low risk & high return expected.
Note:- This is only for education purpose// for more subscribe my youtube channel
