This stock have shown good strength and has closed high. It still has bullish Momentum and can go further up. You can trade this for intraday and also for few days in the coming week.
Look for Buying at the levels marked in green and whenever you see a Bullish candle pattern forming. The targets and stop loss are subsequent levels up and down.
Anyone who has strived for anything in life has faced resistance (or is bound to face it). That's probably one of the universal laws of life.
Just like Nifty we face it too in our lives. But if you observe in the longer run persistency matters the most out of all. All the ups & downs of life will look similar to 2008 & 2020 (March) if you keep going.
Accumulate between 1120-1170
SL 1040 (For low risk 1080)
Target: 1185, 1194, 1210, 1218, 1234, 1254, 1270, 1284
if sustain above 1270 on closing basis then further upmove possible
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Making Symetrical Triangle on 45 min chart. Targets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
As per the weekly charts, Persistent Systems is at Accumulation/buy zone.
It is one of the next generation Indian IT company who is fully into Digital technologies, IOT, Cloud.
Buy for the targets of 700 and 800.
Add on the dips up to 570. Maintain SL of 550 on the weekly closure.