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PERSISTENT SYSTEMS LTDPERSISTENT SYSTEMS LTDPERSISTENT SYSTEMS LTD

PERSISTENT SYSTEMS LTD

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PERSISTENT trade ideas

PERSISTENT SYSTEMS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:PERSISTENT
by zenthosh
PERSISTENT SYSTEMS LIMITEDThis is a stock to hold in portfolio for wealth creation.. and also a traders darling to make short term gains and trading gains as well Currently standing above 21 EMA and showing strong bullish trend on RSI and pivotal supports One can enter at the current market price @ 4764 and continue to add in dips up to 4400 levels Short Term Targets First Target - 4975 (4.4% up side from CMP) Second Target - 5326 (11.8% up side from CMP) Third Target - 5885 (23.5% up side from CMP) Short term stop-loss is 3986 (on daily closing basis) (16.3% downside risk from CMP) Long Term Targets Target - 6790 (42.5% up side from CMP) stop-loss is 3326 (on daily closing basis) (30% downside risk from CMP) This idea is only for education purpose and not for real time investment or trading. kindly consider your financial adviser before investing High Beta Stock... kindly check your risk appetite
NSE:PERSISTENTLong
by haresh2408
1
PERSISTENT SYSTEMS S/R for 19/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:PERSISTENT
by zenthosh
PERSISTENT SYSTEMSStock Resumed its bullish trend since 6-Jun-2024 from 3555 levels Short term traders can enter from 3,727 levels and small quantities on dips up to 3,678 Targets - 4108 & 4448 Stop-loss - 3555 long term investors can accumulate this stock on every dip and maintain stop-loss at 3235 Target - 5000 Caution is required in this stock while taken positions - since the management commented on lower growth for the next quarters Kindly consult your financial adviser before investing.. this idea is for educational purpose only
NSE:PERSISTENTLong
by haresh2408
What Next in $NSE:PERSISTENT ?Dear Followers, I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:PERSISTENT I have been monitoring. It appears that the stock is approaching a potential resistance level Near 8750-8800 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 7800 In Downmove. Option Trader Can Keep Track 8500 PE FEB. Resistance Levels to Watch out. Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock. R1= 8800 R2= 9100 R3= 9450 Support Levels To Watchout. Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend. S1= 8450 S2= 8150 S3= 7800 As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out. Best regards,
NSE:PERSISTENT
by PrachiMetha
Inverse Head and shoulder, Flag pole pattern Persistent systemsIn this script we see nice Inverse head and shoulders pattern, Flag and pole patterns. The retracement or pull back or profit booking took the stock back to 38.2 levels in Fibonacci retracement. As script has revered from 38.2 levels its considered as a shallow correction. Any up move after the breakout is sharp and can help in achieving targets faster. As per the flag height or height of head the targets come out to be near 7500 levels. stop loss for such aggressive targets can be near 3900 levels.
NSE:PERSISTENTLong
by Kunal_TA