PERSISTENT SYSTEMS LIMITED - A GOOD BUY ON MY PERFECT SETUP RULE

20 saat önce

Name :- Persistent Systems Ltd. (NSE)
Present Status (Fisher Transform Indicator):-
3M Up
1M Up
1W Down like KOL
1D Down like FFHTSI
4H Fisher 2 Bottom

LOGIC = Question for recommendation and Answer of the same.
Present Chart – 4H Chart with Fisher and TSI

Question 1: Has 2Bottom / Higher Low Fisher trigger next time frame Fisher positive Cross at Bottom?
Answer 1: Yes, 4H Fisher 2 Bottom trigger 1D Fisher positive Cross.
Question 2: Is this support for next time frame?
Answer 2: Yes, Since 3Month & 1Month Fisher (Long term trend) are up and fall target (Support) almost met at 1W KOL, 1D FFHTSI and 4H 2Bottom Fisher.
Question 3: Is this support for next time frame?
Answer 3: Yes, Since 3Month & 1Month Fisher (Long term trend) are up and fall target (Support) almost met at 1W KOL, 1D FFHTSI and 4H 2Bottom Fisher.
Question 4: Has 3M and 1M reached Top?
Answer 4: No, there is still up move on the cards.
Question 5: What was SUPPORT ?
Answer 5: Answer at Q. No 3.
Question 6: What will be Up side target (Resistance) ?
Answer 6: Resistance will be 4H extreme Top Fisher and TSI Top. (From extreme Bottom to extreme Top 4H Fisher and TSI also to Top. 1Day Fisher like 2 Top.
Question 7: Is this stock near 52 Week High (Strong)?
Answer 7: Yes, near 52 Week high. Please Check Data of 52 Week high from site.
Question 8: When this recommendation will fail ?
Answer 8: It will fail only when there is simultaneous 1Week TSI and 1M Fisher negative crossover. In this case 1Day Fisher will fall below 0 and 1Day TSI will fall near 0. In brief, when 1M Fisher turn negative.
Question 9: If situation in Question No. 8 meets, will this trend turn negative ?
Answer 9: No, It will require a lot of efforts to turn 3Month Fisher Down and will take weeks of time to turn 3Month Fisher Down unless 3Month itself would be at extreme Up in Fisher.

ANY CHART PATTERN – Falling Wedge as well as FLAG pattern on 4H Price Chart.

Reference – As I can not use 1M 1W and 1D Chart in this box (PUBLISH), therefore would request you to check what I have stated above for reference and understanding. Only 4H Chart is published due to this reason.

Abbreviations used by me in my PUBLISH –
Time Frames – 1M (1 Month Interval), 1W (1 Week Interval), 1D (1 Day Interval), 4H (4 Hour Interval) 1H (1 Hour Interval) 15M (15 Minute) 5M (5 Minute Interval).
Fisher – Fisher Transform (An indicator)
TSI – True Strength Index (An indicator)
KOL – Kiss of Love – True Strength Line falling and touch Signal Line down
KOD – Kiss of Death - True Strength Line rising and touch Signal Line up side
FFHTSI – It is a phenomenon where Fisher rise far above 0 (Top) while TSI rise upto only 0 – little more or little less. So, Fisher rise to full lenghth and TSI rise only half of the full length i.e. Bottom to Top. It is called Full Fisher Half TSI due to its characteristic.
Bottom – When an indicator reach far below 0
Top – When an indicator reach far above 0

Do It Yourself (DIY)
There are lots of other Shares exhibiting these types of patterns, but it takes a lot of time to analyse each and every stocks. With above logic, you may analyse other shares: In order to fit above analysis, 3Month and 1Month Fisher should be UP and not at extreme top (because that is a warning signal, for example NIFTY Chart on 1st October 2024 where all indicators turned down from extreme TOP – Please see for reference what I mean by Top in NIFTY. Have a look at Nifty 01-10-2024 Fisher 3M 1M 1W 1D Charts and believe me you will learn a lot simply by this NIFTY Chart to understand what is Top to exit from position).

Disclaimer:
This is for informational purposes only, not financial advice. Trade at your own risk. I am not a SEBI Registered Research Analyst.