🧠 PERSISTENT SYSTEMS LTD | Daily Technical Breakdown | June 22, 2025
The chart reflects strong institutional presence and a classic bullish continuation setup:
🟥 Sell-Off Phase observed from the ₹6,800 zone marked initial resistance and a liquidity sweep.
🔥 Climax Volume near ₹4,150 suggests capitulation and demand stepping in.
🏁 Flag Raised in the mark-up phase—a textbook bullish flag following a breakout.
📊 SMA 30 Support Holding: Multiple bounces affirm it as dynamic support.
📈 Breakout Confirmed above ₹6,100 with volume support, signaling strength.
🎯 Target Ahead: ₹6,800+ as price aligns with the broader uptrend.
Bullish momentum intact. Any pullback towards ₹5,900–₹6,000 could offer a high-probability re-entry.
The chart reflects strong institutional presence and a classic bullish continuation setup:
🟥 Sell-Off Phase observed from the ₹6,800 zone marked initial resistance and a liquidity sweep.
🔥 Climax Volume near ₹4,150 suggests capitulation and demand stepping in.
🏁 Flag Raised in the mark-up phase—a textbook bullish flag following a breakout.
📊 SMA 30 Support Holding: Multiple bounces affirm it as dynamic support.
📈 Breakout Confirmed above ₹6,100 with volume support, signaling strength.
🎯 Target Ahead: ₹6,800+ as price aligns with the broader uptrend.
Bullish momentum intact. Any pullback towards ₹5,900–₹6,000 could offer a high-probability re-entry.
Nota
A close below 5730 in 1Hr. time frame shall violet the set-up and no longer stays Bullish.Dagangan ditutup: hentian tercapai
Setup Violated, closed.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.