NSE:PERSISTENT persistent looking good for buying in dips as its underperforming from 2 3 days
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.
on weekly timeframe , big breakout on decade long trendline happened few weeks ago and its sustaining . so, strong possibilty of multiyear bull rally in stocks
a. Zone: Neutral b. Resistance 1: 874.65 c. Resistance 2: 891.35 d. Support 1: 857.95 (Double Bottom Bullish Pattern) e. Support 2: 716.35 NSE:PERSISTENT
Persistent has been moving around the neckline for a couple of months. Making a good comeback after the gap down, retesting the gap and the neck. Awaiting a breakout to fill the gap or a reversal.
PERSISTENT has bene moving around the neckline for long. Currently testing the 200EMA
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.
Stock price has reached its long term support of multiple historical bottoms placed around 555 on the weekly chart RSI is placed around 40 and showing some strength. Stochastic oscillator has reached oversold zone and just crossed its signal line upside, indicating the chances of bullish trend reversal. Stock is on the verge of forming bullish engulfing...
It is been observed on the weekly chart that the price action breaking out from a downward trendline indicating bullish move ahead. It shall further resumes the trend and shall further move up to the previous resistance levels. This setup can also be called as positional trade setup where you hold trades for weeks and months. Target 1: 700 Target 2: 760 Stoploss: 590
NSE:PERSISTENT already had broken the trend line was bringing it down and now it's also trading above its resistance, Long can be initiated from here for the target of 625-650