PERSISTENT Futures - Post Breakout Setup | Sector Aligned | Dip Opportunity 5900-5930
Summary:
Multi-timeframe checklist confirms strong trend and sector alignment in Persistent Futures. After a breakout from wedge pattern and fresh highs, stock is extended on short-term TFs → optimal play is buying a dip into the 5900-5930 support zone, aligned with TPO and sector context.
Checklist Review:
🗓️ Week & Month:
✅ Positive momentum, no falling MAs → Trend supportive
✅ Daily TF:
Squeeze breakout → ✅
Polarity shift → pending retest, zone 5700-5750 → watch
RSI cross 60 → ✅
Wedge break → ✅
Relative volume → ✅ Strong
⏱️ 125min TF:
❌ RSI overbought (>85) → patience needed → wait for cooling / dip
⏱️ 75min TF:
⚠️ RSI cooling from high zone, trend intact → ready to buy dip
⏰ 20min TF:
✅ RSI healthy
⚠️ CVD not rising strongly → mild caution
✅ Price above 1st 20min high
✅ Sector aligned → Nifty IT supports move
📊 TPO Profile:
✅ POC shifting higher
✅ Untested LVN zone 5700-5800 → strong support for dip play
Trade Plan:
Ideal Entry Zone: ₹5900–₹5930
Stop: Below ₹5825
Target 1: ₹6070
Target 2: ₹6250
Conclusion:
Persistent Futures offers a high probability dip-buy opportunity aligned with sector tailwind. Patience for proper entry (5900–5930) will offer superior risk/reward vs. chasing current highs. Watching for CVD improvement and intraday trigger.
Disclosure:
This idea is shared purely for learning and research purposes. It is not trading advice and I am not a SEBI registered analyst. Please do your own research and consult with a qualified advisor before taking any trades based on this post.
Summary:
Multi-timeframe checklist confirms strong trend and sector alignment in Persistent Futures. After a breakout from wedge pattern and fresh highs, stock is extended on short-term TFs → optimal play is buying a dip into the 5900-5930 support zone, aligned with TPO and sector context.
Checklist Review:
🗓️ Week & Month:
✅ Positive momentum, no falling MAs → Trend supportive
✅ Daily TF:
Squeeze breakout → ✅
Polarity shift → pending retest, zone 5700-5750 → watch
RSI cross 60 → ✅
Wedge break → ✅
Relative volume → ✅ Strong
⏱️ 125min TF:
❌ RSI overbought (>85) → patience needed → wait for cooling / dip
⏱️ 75min TF:
⚠️ RSI cooling from high zone, trend intact → ready to buy dip
⏰ 20min TF:
✅ RSI healthy
⚠️ CVD not rising strongly → mild caution
✅ Price above 1st 20min high
✅ Sector aligned → Nifty IT supports move
📊 TPO Profile:
✅ POC shifting higher
✅ Untested LVN zone 5700-5800 → strong support for dip play
Trade Plan:
Ideal Entry Zone: ₹5900–₹5930
Stop: Below ₹5825
Target 1: ₹6070
Target 2: ₹6250
Conclusion:
Persistent Futures offers a high probability dip-buy opportunity aligned with sector tailwind. Patience for proper entry (5900–5930) will offer superior risk/reward vs. chasing current highs. Watching for CVD improvement and intraday trigger.
Disclosure:
This idea is shared purely for learning and research purposes. It is not trading advice and I am not a SEBI registered analyst. Please do your own research and consult with a qualified advisor before taking any trades based on this post.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.