PERSISTENT System Buy for 35% Gaining, showing Double Bottom Formation wait for weekly closing above level CMP : 5060 TGT : 6790 SL : 4700 Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
Enter near 5917 which is the support to retest No Overlap and confirm the rise ahead Starts a new journey Entry at Intraday with CCi 34 >110 and CCI 8 5 < -135
PERSISTENT giving breakout with huge volume strong rsi trading above 20 ema educatinal idea only
Moves upside with SL 5772 In momentum on HTF Weekly and Monthly In Q1 RRG
for educational purpose: cmp 5748 sl 5690 can bounce till 5850-5900-5950
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...
Stock on month frame is in uptrend strongly defended its base area its a breakout candidate after consolidation stop loss to reward is healthy
Persistent systems has been in strong bull run from 2020 to end of 2021. Since 2021, the stock is consolidating and has formed a beautiful inverted head and shoulder consolidation as a flag of flag pole pattern The stock might start a new uptrend above 5000. However, buying at top in such volatile market is risky. Kindly trade as per your own analysis.
The presistance system is the IT sector good stock to buy the current level the weekly chart is clear show that dec 2021 the 5018 is resistance level. but currenlty the share is brackout and now the price is pullback. If you are buy this level, this is the low risk & high return expected. Note:- This is only for education purpose// for more subscribe my youtube channel
Nifty IT cmp 29355 breakout above 29400 sustaining Target 30800/31300++++ Stocks to Keep On Radar Coforge Infosys Persistent Wipro HCL Tech Tech Mahindra LTTS LTI
Persistant Trade idea 1800-1900 points breakout range Pattern Inverted Head & Shoulder - Bullish Daily scale -ABCD pattern Perfect set up for june series
Persistent Weekly Chart is about to Breakout on upside with possible targets 50% Upside in next 6-8 Months. Multiple Patterns identified on weekly charts - CUP Patter / Inverse H&S Pattern / Flag & Pole Pattern. LTP - 5041 SL - 4800 Targets - 7000+ Time frame - 6-8 Months Happy Investing to my Friends & Followers.
Looks like the stock has break the Resistance level of 4636-4670 and the price has come for retest. Will create a long position here for target of 4915-4930 with a stop loss at 4610-4600.
PERSISTENT successfully retested the level and looks good to buy above 4830 SL 4796 Targets 4864,4904,4943
#Persistent CMP 4691 forming a base around this level. Earlier it respected the Demand zone between 3900-4100 and came abv again the resistance level of 4400. Seems ready for good upside from here to 5000/5500/6500 in mid term. Trailing SL 4575 closing basis.
NSE:PERSISTENT PERSISTEND making some kind inverse h&S pattern and taking good support around 4450 - 4500 level we can see some swing opportunity in this stock ENTRY would be - 4450 TARGET - 4700 SL - 4370 below stoploss
Persistent is making a dark cloud cover at the top. This pattern has formed after ATH breakout and possibility is that this can lead to a breakout failure. RSI is heated up as well and is showing signs of negative divergence with volumes also on decline during recent upmove. If you are long from lower level, it is time to book or trail aggressively. Fresh long...
PERSISTENT head & Shoulder Bearish break down from neck line active pattern of head & shoulder breakdown level -4468 Target zone 4256