PERSISTENT Futures - Post Breakout Setup | Sector Aligned |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.
