🧠 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.Trade chiuso: stop raggiunto
Setup Violated, closed.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.