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PERSISTENT SYSTEMS LTD.PERSISTENT SYSTEMS LTD.PERSISTENT SYSTEMS LTD.

PERSISTENT SYSTEMS LTD.

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PERSISTENT trade ideas

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.
NSE:PERSISTENT
by yogeshwar
Persistent Systems: A Promising Opportunity?Persistent Systems is currently trading in an ascending channel, indicating an ongoing uptrend 📈. After correcting nearly 20% from its all-time high (ATH)—which coincided with the channel top—it has now broken above a key trendline with strong volume and a wide-range bullish candle 💪. 📊 Key Technical Analysis: 🎯 Entry: ₹6,365 ⛔ Stop Loss (SL): ₹5,538 (closing basis) 🏁 Targets:T1 (Previous ATH): ₹6,790 (+7%) Positional Target: ₹7,681 (+21%) Long-Term Target: ₹9,094 (+43%) 📌 Technical Highlights: 1⃣Persistent has bounced back from the 50 DMA, showing strong respect for this critical support level 2⃣Closed above the 50 DMA with a strong bullish candle (minimal upper wick, significant volume). 3⃣Trendline Breakout 4⃣RSI is rising, indicating upward momentum. 5⃣Channel top could act as resistance—keep an eye on price action near T1 levels. 🧮 Position Sizing:Start with 20-30% of your planned allocation at ₹6,365. If ₹6,790 is broken with volume, consider adding more. Partial profits can be booked at T1, with the remainder trailed for higher targets. ⚠️ Respect the SL (Stop Loss), as it represents a 12.45% risk. 📈 Why Persistent Systems Looks Attractive for Long-Term Consideration: 1. 🌟 Growth Drivers: AI Integration: AI is a core focus for Persistent’s growth strategy, with significant investments in AI-driven solutions 🤖. Strategic Acquisitions: Acquisitions like Starfish Associates (contact center modernization) and Arrka (digital governance and AI cybersecurity) enhance Persistent’s offerings. 📊 Revenue Momentum: The company has reported 18 consecutive quarters of revenue growth, recently achieving a robust 18.4% YoY increase. 🏆 Industry Recognition: Named the fastest-growing IT services brand in the 2024 Brand Finance India 100 report, highlighting its competitive edge. 2. 🛠️ Expansion Plans: Focused on AI-led, platform-driven services to drive innovative solutions for clients. Strengthened executive leadership to support non-linear growth through mergers, acquisitions, and large deals. 3. 💹 Respecting Key Support Levels: Persistent has consistently respected the 50 DMA, a strong indicator of investor confidence and support at this level. These factors, coupled with the company’s strategic focus on AI and consistent execution, make Persistent Systems an attractive consideration for long-term investment. 🌍 Broader Sector Context: The IT sector is holding up well despite market volatility, and Persistent’s positioning in emerging technologies like AI ensures it is aligned with future trends 🔮. 💡 Final Thoughts: This trade is against the trend, so trade light and manage risk effectively ⚖️. The channel top could pose resistance, but the overall structure and long-term prospects are promising. The probability of trades failing is high when the market is in a downward trend. Please keep that in mind. If you find this analysis insightful, like and share to help others make informed decisions 👍. Follow me for more educational trading ideas and detailed stock analysis 📚. ❗ Disclaimer: This is for educational purposes only. Please consult with your financial advisor before making any trading or investment decisions.
NSE:PERSISTENTLong
by sagartharayil
PERSISTENT SYSTEMS LIMITED - A GOOD BUY ON MY PERFECT SETUP RULEName :- Persistent Systems Ltd. (NSE) Present Status (Fisher Transform Indicator):- 3M Up 1M Up 1W Down like KOL 1D Down like FFHTSI 4H Fisher 2 Bottom LOGIC = Question for recommendation and Answer of the same. Present Chart – 4H Chart with Fisher and TSI Question 1: Has 2Bottom / Higher Low Fisher trigger next time frame Fisher positive Cross at Bottom? Answer 1: Yes, 4H Fisher 2 Bottom trigger 1D Fisher positive Cross. Question 2: Is this support for next time frame? Answer 2: Yes, Since 3Month & 1Month Fisher (Long term trend) are up and fall target (Support) almost met at 1W KOL, 1D FFHTSI and 4H 2Bottom Fisher. Question 3: Is this support for next time frame? Answer 3: Yes, Since 3Month & 1Month Fisher (Long term trend) are up and fall target (Support) almost met at 1W KOL, 1D FFHTSI and 4H 2Bottom Fisher. Question 4: Has 3M and 1M reached Top? Answer 4: No, there is still up move on the cards. Question 5: What was SUPPORT ? Answer 5: Answer at Q. No 3. Question 6: What will be Up side target (Resistance) ? Answer 6: Resistance will be 4H extreme Top Fisher and TSI Top. (From extreme Bottom to extreme Top 4H Fisher and TSI also to Top. 1Day Fisher like 2 Top. Question 7: Is this stock near 52 Week High (Strong)? Answer 7: Yes, near 52 Week high. Please Check Data of 52 Week high from site. Question 8: When this recommendation will fail ? Answer 8: It will fail only when there is simultaneous 1Week TSI and 1M Fisher negative crossover. In this case 1Day Fisher will fall below 0 and 1Day TSI will fall near 0. In brief, when 1M Fisher turn negative. Question 9: If situation in Question No. 8 meets, will this trend turn negative ? Answer 9: No, It will require a lot of efforts to turn 3Month Fisher Down and will take weeks of time to turn 3Month Fisher Down unless 3Month itself would be at extreme Up in Fisher. ANY CHART PATTERN – Falling Wedge as well as FLAG pattern on 4H Price Chart. Reference – As I can not use 1M 1W and 1D Chart in this box (PUBLISH), therefore would request you to check what I have stated above for reference and understanding. Only 4H Chart is published due to this reason. Abbreviations used by me in my PUBLISH – Time Frames – 1M (1 Month Interval), 1W (1 Week Interval), 1D (1 Day Interval), 4H (4 Hour Interval) 1H (1 Hour Interval) 15M (15 Minute) 5M (5 Minute Interval). Fisher – Fisher Transform (An indicator) TSI – True Strength Index (An indicator) KOL – Kiss of Love – True Strength Line falling and touch Signal Line down KOD – Kiss of Death - True Strength Line rising and touch Signal Line up side FFHTSI – It is a phenomenon where Fisher rise far above 0 (Top) while TSI rise upto only 0 – little more or little less. So, Fisher rise to full lenghth and TSI rise only half of the full length i.e. Bottom to Top. It is called Full Fisher Half TSI due to its characteristic. Bottom – When an indicator reach far below 0 Top – When an indicator reach far above 0 Do It Yourself (DIY) There are lots of other Shares exhibiting these types of patterns, but it takes a lot of time to analyse each and every stocks. With above logic, you may analyse other shares: In order to fit above analysis, 3Month and 1Month Fisher should be UP and not at extreme top (because that is a warning signal, for example NIFTY Chart on 1st October 2024 where all indicators turned down from extreme TOP – Please see for reference what I mean by Top in NIFTY. Have a look at Nifty 01-10-2024 Fisher 3M 1M 1W 1D Charts and believe me you will learn a lot simply by this NIFTY Chart to understand what is Top to exit from position). Disclaimer: This is for informational purposes only, not financial advice. Trade at your own risk. I am not a SEBI Registered Research Analyst.
NSE:PERSISTENTLong
by MishraAnuradhaNavin
Persistence System breakout tradePersistence System chart indicates a symmetrical triangle pattern, with key resistance at 6000 and support near 5400. The stock is trading above its 50-day MA, 100-day MA, and 21-day EMA, reflecting bullish momentum, a breakout above 6000 with strong volume could signal a bullish continuation toward 6500-6600. Aggressive traders can consider entering on a confirmed breakout above 6000 with a stop-loss near 5800, targeting 6500, while conservative traders may wait for a sustained breakout.
NSE:PERSISTENT
by Simplecharttraders