PERSISTENT - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 2.4

While PERSISTENT boasts strong long-term fundamentals, its current intraday setup is weak and lacks short-term momentum. Technicals suggest caution, especially for aggressive intraday trades, unless reversal signs emerge.

⚙️ Technical Pulse

RSI: 30.2 → Significantly oversold; potential bounce, but currently lacks conviction.

MACD: -160 → Bearish crossover with deep negative slope—momentum clearly to the downside.

Volume: 4.17L vs Avg 11.84L → Sharp volume drop reinforces limited intraday interest.

💹 Trend & Price Action

Current Price: ₹5,176

Trading well below DMA 50 (₹5,640) and DMA 200 (₹5,474) → Indicates strong bearish momentum.

Recent Range: ₹4,149 – ₹6,789 (Price near support zone, but conviction is missing)

52w Index: 38.9% → Weak price strength in the yearly context.

🔍 Intraday Strategy

🚫 If initiating a fresh position

Not ideal for intraday buys today, unless price stabilizes near ₹5,150 with spike in volume and RSI >35.

Buy Level (if reversal sign appears): ₹5,150–₹5,170

Profit Booking Levels: ₹5,220 and ₹5,280 (if volume crosses 8L and MACD flattens)

Stop-Loss: ₹5,100

🕓 If already holding

Exit Consideration

If price remains below ₹5,200 and RSI fails to breach 32, consider reducing exposure.

On recovery above ₹5,220 with MACD narrowing, trail stop to ₹5,150.

Momentum Watch: Any MACD reversal or sharp volume uptick could reset intraday bias.

🧠 Fundamental + Technical Mix

Strong ROCE (30.4%) & ROE (24.1%) → Solid operational efficiency

EPS ₹97.9 vs Industry PE 29.1 → Valuation looks stretched with a Stock PE of 53.3

Institutional Shift: FII slightly offloading, DII mildly increasing

Today might not be Persistent's day on the charts, but if you’re looking to build a watchlist of tech stocks with potential bounce setups or bullish reversals, I’d be happy to line that up for you 🚀📊. Let’s stay nimble.

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