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PERSISTENT

Persistent Technical Analysis#Persistent Systems Limited - Technical Analysis Chart Overview **Timeframe:** Weekly (1W) **Current Price:** 5,708.20 Technical Setup Trend Analysis The chart displays a compelling technical setup based on higher highs and higher lows pattern analysis. After a significant correction from previous highs, the stock has formed a strong base and is showing signs of trend reversal. Key Observations RSI Classic Divergence The Relative Strength Index is displaying a classic bullish divergence pattern. While price action formed lower lows during the correction phase, the RSI formed higher lows, indicating weakening bearish momentum and potential trend reversal. This divergence has been confirmed on the weekly timeframe, adding significant weight to the bullish case. Fresh Higher High Confirmation: Following the divergence, price action has broken above the previous swing high on the daily candle, confirming a potential change in trend structure. This break represents a shift from the previous pattern of lower highs and suggests renewed bullish momentum. Price Targets The analysis identifies three potential target zones: - **Target 1:** 5,984.50 (Immediate resistance) - **Target 2:** 6,360.65 (Medium-term target) - **Target 3:** 6,788.90 (Extended target) These targets are derived from previous resistance levels and Fibonacci extension analysis. Moving Averages: The chart shows multiple moving averages (likely 50 SMA and 200 SMA based on the red and orange lines). Price is currently attempting to reclaim these key moving averages, which would further validate the bullish thesis. Risk Considerations While the technical setup appears favorable, traders should consider: - Confirmation on higher timeframes for reduced false signal risk - Volume analysis to validate the breakout - Proper risk management with stop-loss placement below recent swing lows ## Disclaimer This is a technical analysis for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.
NSE:PERSISTENTLong
by earnwhileulearn
3
PERSISTENT – Bullish Engulfing + RSI Breakout📊 PERSISTENT – Technical & Educational Snapshot Ticker: NSE: PERSISTENT | Sector: 💻 IT Services CMP: ₹ ▲ (as of 20 Aug 2025) Rating (for learning purpose): ⭐⭐⭐⭐ Pattern Observed: 📈 Bullish Engulfing + RSI Breakout PERSISTENT is displaying strong bullish momentum across multiple technical indicators. The presence of a strong bullish candle with Open = Low, combined with an RSI breakout, highlights aggressive buying pressure. A Bullish Engulfing pattern further supports the continuation bias. Meanwhile, the Bollinger Band Squeeze-Off suggests increased volatility with a likely breakout on the upside. Together with a volume-supported move, these signals indicate strength in the trend. 📊 Volume Check: 🔹 Current Volume: 628.85k 🔹 20SMA Volume: 604.21k ✅ 💥 Above average – confirming genuine buying interest! 💡 Learnings: Bullish engulfing + Open=Low candles often signal strong buyer dominance. RSI breakouts are stronger when paired with above-average volumes. Bollinger Band squeeze-offs frequently precede powerful directional moves. Defining pullback areas and invalidation levels helps structure risk management. Key Levels: Resistance: 5410 | 5475 | 5580 Support: 5240 | 5135 | 5070 Pullback Level: 5284 Invalidation Level: Close below 5008 STWP Trade Setup: Entry (Long): Above 5370 Stop Loss: 5173 or below Reference Levels: 5566 | 5763 ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes be larger than the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are an experienced trader, remember to assess your own risk, position sizing, and strategy suitability before entering any trade. Consult a SEBI-registered financial advisor before making any real trading decision. By reading, watching, or engaging with this content, you acknowledge that you take full responsibility for your own trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. ✅ Follow simpletradewithpatience for beginner-friendly setups, price action insights & disciplined trading content. 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:PERSISTENTLong
by simpletradewithpatience
PERSISTENT | Cup and Handle | Breakout | DailyAnother **superb bullish setup** on **PERSISTENT SYSTEMS LTD**! Textbook **Cup and Handle** pattern here with a **flag inside the handle**, adding extra confirmation. Let’s break it down: --- ## ☕ **PERSISTENT SYSTEMS – Cup & Handle Breakout** ### 📍 **Pattern**: * **Cup Depth**: ₹1805.15 * **Breakout Point (Neckline)**: ₹5960 * 🎯 **Target**: ₹5960 + ₹1805.15 = **₹7775** ✅ --- ### 📈 **Technical Analysis Highlights** * ✅ Breakout from handle + flag pattern near neckline * ✅ RSI breakout above falling trendline — confirms momentum * ✅ All EMAs are in **bullish alignment** * ✅ Price above 8/21/55/144 EMA and 79% change YoY --- ### 🔍 **Bullish Confluence** * Cup & Handle (long-term pattern) * Flag inside Handle (short-term continuation) * RSI breakout = Strength confirmation * Strong earnings growth (see EPS panel) --- ### 📊 **Trade Setup** * **Entry**: ₹5960–₹6020 range (already broken out) * **Target**: ₹7775 * **Stoploss**: ₹5700 or below flag support (tight stop \~₹5600) ---
NSE:PERSISTENTLong
by DailyCharts03
PERSISTENT : Coming out from the ZONE!Key Observations: Price Action Context: The stock is currently trading at ₹5,306, showing a strong +2.78% intraday move. This price action is occurring within what appears to be an extended retracement zone of the prior swing, suggesting a possible consolidation before continuation. Wave Analysis (Elliott Wave Perspective): Wave C appears to have completed in the ₹3,234 – ₹5,464 zone, which is typically where corrective waves terminate before a new impulsive move begins. The current structure hints at a bullish Wave 5 extension, with a projected completion zone between ₹5,104 – ₹5,229. Key Levels: Support (Demand Zone): ₹5,104 – ₹5,229 Resistance (Profit Targets): ₹6,032 (initial) → ₹6,222 (extended) Invalidation Level: Daily close below ₹5,104 Why This Setup Matters: Legalarity Concept (Consolidation Before Breakout): The stock is forming a legalarity structure, which refers to a period of sideways price action after a strong trend. This often precedes a continuation move if support holds. Momentum Confirmation: Today’s bullish candle (+2.78%) suggests buying interest near the support zone. A decisive break above ₹5,464 (Wave C high) could confirm the next leg up. Risk Management: Since no trade setup is perfect, we must define where we’re wrong. If price closes below ₹5,104, the bullish structure weakens, and traders should reconsider. Trade Plan (Educational Breakdown): Entry Logic: Aggressive Entry: Near current levels (₹5,300 – ₹5,400) with tight stops. Conservative Entry: Wait for a pullback to ₹5,104 – ₹5,229 support zone. Profit Targets: First Target (₹6,032): Partial profit booking level. Second Target (₹6,222): Extended swing high, where resistance may appear. Stop Loss: Daily close below ₹5,104 (invalidates the bullish structure). Risk-Reward Assessment: If entering at ₹5,300 with a stop at ₹5,100: Risk = ₹200 per share Reward (to ₹6,222) = ₹922 per share Risk-Reward Ratio = ~1:4.6 (Favorable for swing trades) Seasonal & Macro Factors: Historical Trends: The stock has shown strength in Sep-Dec (year-end rally tendencies). Current Market Sentiment: A breakout above ₹5,464 could attract momentum buyers. Educational Takeaways: ✅ Always define support/resistance before trading. ✅ Use invalidation levels to manage risk. ✅ Wave analysis helps anticipate where trends may resume. ✅ Risk-reward should justify every trade. Disclaimer: This is educational content, not financial advice. Do your own analysis. #NSE #PERSISTENT #TechnicalAnalysis #SwingTrading #StockMarket How to Use This Analysis: Watch for confirmation above ₹5,464 for higher conviction. Adjust position size based on your risk tolerance. Track price action near targets for exit signals.
NSE:PERSISTENTLong
by LiveTradingBox
Can it Persistently Rise? Market Cap 38,892 Cr. Stock P/E 41 Industry PE 33 Piotroski score 8 ROCE 31 % ROE 26 % Debt to equity 0.17 OPM 18 % EBIDT growth 3Years 38 % Promoter holding 31 % Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration. BFSI accounts for the majority of revenues at 31.6%, followed by Healthcare & Life Sciences (20.8%). Tech & emerging verticals account for the remaining 47.6% of revenues. The company has a global presence with presence in 17 countries including India, Australia, Canada, Germany, Japan etc. The North American region contributes 78.8% of the total revenue. Contribution from India region was 10.6% and Europe was 8.7% while the Rest of the World contributed 1.9% of total revenue.
NSE:PERSISTENTLong
by CannySunny