PERSISTENT | Short | Distribution detected
Persistent price has moved up by 121% CAGR from COVID bottom. There should be an end to this exuberance!
The price will move in a band till the future quarters Earnings give evidence of significant out-performance
For investing purpose: accumulate between 3700 - 3300
PERSISTENT trade ideas
PERSISTENT : Trended stock..!IT Sector performed well on last week. Among them Persistent System stock on Daily TF wee can see the Friday stock has given closing above 20DMA with high volume. Stock has strong momentum on daily, weekly and monthly basis. Stock has made Head and shoulder pattern on daily basis. Coming Days we can see the further upside in stock.
Entry : CMP
SL : 4547
Upside Move : 4817
PERSISTENTNSE:PERSISTENT
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Persistent systems Result bahut acha aya hai islie buy karlo Persistent systems ka result bahut acha hai islie aaj isne breakout bhi dia hai,,and aisa lag rha h jaldi he 4400 ke target dikha dega to stp loss lgaao 3912 ka and target k lie wait kro,,, vaise ek bat aur bta dun isko ap log hold bhi kar skte ho long term k lie behatreen stock hai with good fundamental and good management..and result always best ate hain iske to itna tention nahi dene wala..
Bhai log like and follow kro agar mera analysis thoda sa bhi acha hota hai aur ap logo ko pasand ata hai to.
Thankyou.
PERSISTENT : CUP Pattern BreakoutIT Sector Trading well from couple of weeks all IT stocks are value Buying levels...on of them is Persistent Systems.
Stock has broken trendline on Daily TF with high volume, RSI above 60, and volatility is also high...
Entry : CMP, SL:4390, Upside move can see at 4935 levels in coming days...
Persistent SystemsPersistent Systems has been on a strong uptrend since its listing in 2005, and this upward momentum has been fueled by a combination of strong fundamentals and favorable technical indicators. Over the past year, the stock has been trading within a well-defined uptrend channel, and this uptrend has been supported by strong buying pressure.
From a technical perspective, the stock has seen a sharp uptrend in recent months, and the steady uptrend is being supported by strong buying pressure. The stock has also seen a consistent increase in volume over the past year, indicating that investors are keen to buy into the stock. The stock is also trading above its 50-day and 200-day moving averages, indicating that the trend is likely to continue.
From a fundamental perspective, the company has seen a consistent increase in revenue and profits over the past year, and this has been driven by strong demand for its products and services. The company has also seen strong growth in its customer base, which has helped to drive its overall financial performance. In addition, the company has been able to maintain a healthy balance sheet and has been able to generate consistent cash flows.
Overall, Persistent Systems has been able to demonstrate strong fundamentals and technical indicators, which have helped to fuel its uptrend over the past year. As a result, the stock is likely to remain strong in the near term.
Persiste Price PredictionBest Confluence Setup For Trading
Perfect Setup For Intraday & BTST
It just took a bounce from 50% fib level in daily time frame, In 15m it formed a W pattern and broke out of it.
We have a resistance at 4120.50 if we get a 5m candle closing above this we can take a long trade in the first half.
There is 200 EMA & Pivot as well around 4120.50 so watch out this level,
As per the OI we have 4100 as resistance.
Buy at or above 4121
Comment if you have any question or query.
Happy Trading !
Buy persistent above 3400 for target of 3850
Good swing trade only buy if the levels are broken
Price has touched 3 time same zone and bounced back and you can see that it is demand zone good support area
And a resistance of near 4000 good swing trade holding period is 3 to 4 weeks
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Persistent system bullishPersistent system has formed high volume candle. Daily price is above 50 EMA and challenged upper bollinger band. There is trendline resistance and also coincide with weekly 50 EMA resistance. Price has formed tripple bottom.
Weekly MACD uptick and bullish divergence.
Daily MACD positive crossover.
Daily RSI is above 60
ADX is strong
Persistent systems might persist with an upmove.Persistent Systems is a good long term story available at what some consider expensive valuation of 41.6 PE at CMP 3757.65. It is a company with Zero promoter pledge and low debt where Mutual funds and FII/FPIs are increasing their stake. Take X/2 entry in the company at 3852. Second SIP of X/2 entry can be taken at closing above 4008. The targets will be 4247 and 4409. Stop loss should be maintained at closing below 3280.