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
Persistentsystems
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 Systems Ltd.*Persistent Systems Ltd.*
P&F; on Yearly Basis.
Strong Price pushback towards upside. Need to be Watched.
Strong Vol Consolidation. Continued Traction to be watched
RSI: 1HW<M.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do your own research as well. This is an Opinion.*
*_Happy Investing_*🤓
Let see how much fuel it has nowPersistent system.
Abiding by the rules of Elliott wave.
Now it interesting to see how much fuel it has for further moves.
no recommendation pls.
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
#PERSISTENT... looking good 17.05.23#PERSISTENT.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
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+
Persistant systemThis stock is trading at its resistance zone 3920
if it cross and hold above this level then we can expect a good move in upper side
Bullish above 3920
bearish below 3610
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.
