PERSISTANT SYSTEMS in BreakoutNSE:PERSISTENT in Breakout. You can buy @ 5950 and 1st Target would be 6700 and with Trailing stopp loss the Second Target would be 7150
PERSISTENT
PERSISTENT - Persistent Systems Ltd (45 minutes, NSE) - LongPERSISTENT - Persistent Systems Ltd. (45 minutes chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume structure integrity risk}
Risk/Reward ratio ~ 2.44
Current Market Price (CMP) ~ 5740
Entry limit ~ 5710 on May 20, 2025
1. Target limit ~ 5900 (+3.33%; +190 points)
2. Target limit ~ 6100 (+6.83%; +390 points)
Stop order limit ~ 5550 (-2.80%; -160 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
PERSISTENT - Strong MomentumPersistent Systems Ltd. (NSE: PERSISTENT) has recently captured the attention of market analysts and investors, showcasing a powerful bullish trend that is hard to ignore. The stock's recent price movements and volume spikes indicate a robust upward momentum, making it a compelling prospect for traders and investors alike.
Key Highlights:
Bullish Momentum and Strong Bullish Candle
The chart for Persistent Systems Ltd. reveals clear signs of bullish momentum, exemplified by a strong bullish candle that has formed recently. This particular candle stands out due to its significant size compared to preceding ones, indicating substantial upward price movement and strong buying interest. The formation of such a bullish candle is often a precursor to continued upward trends, suggesting that the stock may have more room to grow.
RSI Breakout
Although the chart does not explicitly display the RSI (Relative Strength Index), the overall price action hints at a possible RSI breakout. Typically, an RSI breakout occurs when the index crosses above the 70 mark, signaling overbought conditions and strong bullish sentiment. This potential RSI breakout reinforces the positive outlook for Persistent Systems Ltd., indicating that the stock may continue to attract buyers.
5-Day Volume Breakout
A closer look at the volume bars at the bottom of the chart reveals a significant increase in trading volume over the past five days. This 5-day volume breakout is a bullish signal, as it demonstrates growing market participation and heightened interest in the stock. Higher trading volumes often add credibility to price movements, suggesting that the recent upward trend is supported by strong investor activity.
5X Volume Breakout and Price Change
The chart also highlights a remarkable 5X volume breakout, where the trading volume on the most recent day is five times higher than the average volume. This surge in volume, coupled with a substantial price change, underscores the strong buying interest and bullish sentiment surrounding Persistent Systems Ltd. Such a pronounced increase in both volume and price is indicative of a robust uptrend, suggesting that the stock may continue to perform well in the near term.
Conclusion
Persistent Systems Ltd. is currently riding a wave of bullish momentum, with several key indicators pointing to continued strength in the stock. The strong bullish candle, potential RSI breakout, 5-day volume breakout, and 5X volume breakout with a significant price change all contribute to a positive market outlook for the company.
For traders and investors looking to capitalize on this bullish trend, Persistent Systems Ltd. offers a compelling opportunity. The stock's recent performance, backed by strong technical signals, suggests that it may continue to rise in the coming days. As always, it's important to monitor market conditions and conduct thorough research before making any investment decisions.
Persistent Systems Ltd. is certainly one to watch as it continues to make waves in the market. 📈🚀
Persistent can be persisted withPersistent Systems Ltd. is a technology services company. It engages in delivering digital business acceleration, enterprise modernization, and next generation product engineering services. The firm operates through the following segments: Banking, Financial Services & Insurance, Healthcare & Life Sciences, and Technology Companies & Emerging Verticals.
Persistent Systems Ltd. CMP is 6090.90. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Stocks Outperforming their Industry Price Change in the Quarter and Company able to generate Net Cash - Improving Net Cash Flow for last 2 years. The Negative aspects of the company are high Valuation (P.E. = 77), Companies with growing costs YoY for long term projects and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 6094 Targets in the stock will be 6241, 6392 and 6547. The long-term target in the stock will be 6704 and 6810. Stop loss in the stock should be maintained at Closing below 5850 or 5566 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
persistent sell on rise 15min tfcmp : 5230
sl and t1 shown on chart
note: just a educational idea and not a trading call/tip.
ORCHID PharmaOrchid pharma: Breakout above 1350, which was its previous high as well.
If we see a breakout with volumes then a fresh spike may come.
One can take at the re test level as well .
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
Persistent: rally after breakout and now retest Persisten gave rally on first week of July and now at re test level.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
My view on Persistent Double bottom breakout possible in Persistent
Above 6535-38
Looking tgt 6600-6620++ in very short term.
We will add on dip.
Keeping on radar Persistent 6600 CE
PERSISTENT NSE:PERSISTENT
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
My view on Persistent Persistent forming pole and flag
Should fly above 5940-45
Looking tgt 6000-6040-6100++
Very short term
Keeping on radar Persistent 6000 CE (Nov.)
My view on Persistent Persistent
Forming Pole & Flag
Looking tgt 6000-6030-6100++
In very short term.
Keeping on radar Persistent 6000 CE
#DYNAMATECH 4126 Recommended Buy - Rachit Sethia #stockstowatchDYNAMATECH 4126
Open Targets and Open SL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Big upside for PersistentThe stock has made a rounding bottom for a while, it has given a breakout from the neckline now positioning itself ready for a good upside with a favorable risk-to-reward ratio.
Entry - Between 5370-5375
Stop Loss - Below 5145
Target - 5900
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!
nas100 analysis - 22 feb 2023- we broke through the neckline of the double top on the daily timeframe yesterday
- we are currently at an intraday level of structure where market looks like its retesting it and continuing being bearish
- currently waiting for the break of the previous low at 12052 to go short
- or if the market wants to retest the neckline of the double i will wait for a break of the 12101 level and go long on the retest, but my long term bias is bearish as on the daily we are bearish
- funny thing what i just said right now might not even happen the market could gap to a new high or low we'll never know but that's why there's risk management :)
Persistent systemsPersistant system reached target and taken a resistance on previous high in daily time frame.Chart analysis only for study purpose not any call suggestion.
How to Spot next leader ? Ideas for Swing Sector Leader : NSE:CNXIT
Relative strength compared to Nifty 50 - NIFT IT clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while IT is on uptrend.
Now look for stocks which have better chart pattern than NIFTY IT. Some examples. These are going to perform better once NIFTY 50 turn positive
1) NSE:PERSISTENT
2) NSE:KPITTECH
3) NSE:SONATSOFTW
4) NSE:TCS
persistent - nifty small cap 100 breaking out
Nifty small cap 100 index breaking out - Persistent can well perform from the index
Persistent looks good for 4100/4500/4800+
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.
Breakout on Persistent Double Bottom Breakout.
also there is MACD crossover.
and RSI is around 60.
one can long on PERSISTENT with
target - 3822 around 7%
stoploss - 3445
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.
