Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 1st June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
Persistant Trade idea
1800-1900 points breakout range
Pattern Inverted Head & Shoulder - Bullish
Daily scale -ABCD pattern
Perfect set up for june series
Persistent Weekly Chart is about to Breakout on upside with possible targets 50% Upside in next 6-8 Months.
Multiple Patterns identified on weekly charts - CUP Patter / Inverse H&S Pattern / Flag & Pole Pattern.
LTP - 5041
SL - 4800
Targets - 7000+
Time frame - 6-8 Months
Happy Investing to my Friends & Followers.
Looks like the stock has break the Resistance level of 4636-4670 and the price has come for retest.
Will create a long position here for target of 4915-4930 with a stop loss at 4610-4600.
Persistent systems, we can long after a weekly BO, above - 5050, with rising volumes. This is not a piece of advise for any one reading out there. Only for Educational Purpose.
#Persistent CMP 4691 forming a base around this level. Earlier it respected the Demand zone between 3900-4100 and came abv again the resistance level of 4400.
Seems ready for good upside from here to 5000/5500/6500 in mid term.
Trailing SL 4575 closing basis.
1. Uptrend Started in Mid September after a long Divergence.
2. Price have made series of Higher Highs and Higher Low since then.
3. MACD continues to shows Bullish Trend and Momentum have picked up recently.
4. There has been Volume Spikes twice recently at the level of 4000 acting as Strong Support
5. Formation of Dragon0-Fly Doji give Further conformation of...
PERSISTANT SYSTEM daily candle analysis
long term DOUBLE TOP ACHIEVED
at the DOUBLE TOP there is a HEAD N SOULDER may be a killing system
SELL near 5000
stop loss 5150 target 3900
around 20% DONWside possibility with strict stop loss 5150 on closing basis
NSE:PERSISTENT
PERSISTEND making some kind inverse h&S pattern and taking good support around 4450 - 4500 level we can see some swing opportunity in this stock
ENTRY would be - 4450
TARGET - 4700
SL - 4370 below stoploss
Persistent system Bearish in Monthly weekly and daily charts.
Tripple Top with shooting star in Monthly and Weekly chart and head & shoulder pattern in Daily chart.
Currently it trading at support zone.
Details drawn in chart
Persistent is making a dark cloud cover at the top. This pattern has formed after ATH breakout and possibility is that this can lead to a breakout failure. RSI is heated up as well and is showing signs of negative divergence with volumes also on decline during recent upmove.
If you are long from lower level, it is time to book or trail aggressively. Fresh long...
