Persistent Systems: Bull Run with Breakout Potential
Topic Statement: Persistent Systems is on a strong bull run, showing resilience to the market correction, with a wedge pattern signaling a potential breakout.
Key Points:
1. The stock receives heavy support near the 180-day moving average, making it a good entry point.
2. Candlesticks are forming a wedge pattern, indicating a big directional move upon breakout.
3. The price faces heavy resistance at the ₹6500 level.
4. Company reported a 30% profit growth QoQ.
Key Points:
1. The stock receives heavy support near the 180-day moving average, making it a good entry point.
2. Candlesticks are forming a wedge pattern, indicating a big directional move upon breakout.
3. The price faces heavy resistance at the ₹6500 level.
4. Company reported a 30% profit growth QoQ.
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