Bullish Flag Pattern Breakout & Pullback Pattern in Persistent.
Updated
Hello Traders & Investor,
I have brought another analysis on Persistent System which has given a neat and clean breakout of BULLISH FLAG PATTERN, after that price has pullback to retest the breakout zone. Now it is ready to fly in blue sky..Well Guy's i already have told earlier about this flag pattern but still i will tell you all in short here,
Q:- What is a flag pattern?
Rahul:- A flag is a formation in the technical chart representing a period of temporary consolidation or pause before the trend continues to move either upward or downward.
I hope you have got it.
So, guy's whenever you see this pattern, wait for breakout and then take entry or you can enter after retest the levels (Pullback). The risk and reward is really very favorable if you take entry after any bullish flag pattern breakout.
ABOUT COMPANY:-
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. It also has partnership with providers such as Salesforce and AWS.
Market Cap
₹ 45,375 Cr.
Current Price
₹ 5,899
High / Low
₹ 6,035 / 3,611
Stock P/E
45.2
Book Value
₹ 574
Dividend Yield
0.68 %
ROCE
30.3 %
ROE
25.3 %
Face Value
₹ 10.0
Debt
₹ 555 Cr.
EPS
₹ 128
PEG Ratio
1.84
Promoter holding
31.1 %
Intrinsic Value
₹ 2,371
Pledged percentage
0.00 %
EVEBITDA
26.6
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 24.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.6%
Company's median sales growth is 17.4% of last 10 years
CONS
Stock is trading at 10.3 times its book value
Important levels for .PERSISTENT SYSTEM LTD.
Buy in between 5915-5850.
Targets we can see 6370/6883+
Keep Stop loss at 5599.
Price is above 200 EMA
We have seen Proper Breakout of Bullish Flag Pattern in daily timeframe.
with Good Volume
Price is sustaining above breakout of Flag Pattern and it has given pull back to retest the levels
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
I have brought another analysis on Persistent System which has given a neat and clean breakout of BULLISH FLAG PATTERN, after that price has pullback to retest the breakout zone. Now it is ready to fly in blue sky..Well Guy's i already have told earlier about this flag pattern but still i will tell you all in short here,
Q:- What is a flag pattern?
Rahul:- A flag is a formation in the technical chart representing a period of temporary consolidation or pause before the trend continues to move either upward or downward.
I hope you have got it.
So, guy's whenever you see this pattern, wait for breakout and then take entry or you can enter after retest the levels (Pullback). The risk and reward is really very favorable if you take entry after any bullish flag pattern breakout.
ABOUT COMPANY:-
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. It also has partnership with providers such as Salesforce and AWS.
Market Cap
₹ 45,375 Cr.
Current Price
₹ 5,899
High / Low
₹ 6,035 / 3,611
Stock P/E
45.2
Book Value
₹ 574
Dividend Yield
0.68 %
ROCE
30.3 %
ROE
25.3 %
Face Value
₹ 10.0
Debt
₹ 555 Cr.
EPS
₹ 128
PEG Ratio
1.84
Promoter holding
31.1 %
Intrinsic Value
₹ 2,371
Pledged percentage
0.00 %
EVEBITDA
26.6
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 24.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.6%
Company's median sales growth is 17.4% of last 10 years
CONS
Stock is trading at 10.3 times its book value
Important levels for .PERSISTENT SYSTEM LTD.
Buy in between 5915-5850.
Targets we can see 6370/6883+
Keep Stop loss at 5599.
Price is above 200 EMA
We have seen Proper Breakout of Bullish Flag Pattern in daily timeframe.
with Good Volume
Price is sustaining above breakout of Flag Pattern and it has given pull back to retest the levels
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Note
Guy's we have seen a good momentum in it, it has done our 1st target now this will fly for 2nd target!!!!
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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