PERSISTENT - Technical Analysis

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

Technical Rating: 2.8

Here’s a detailed technical breakdown of Persistent Systems Ltd. (₹5,176) based on current indicators and chart patterns

📊 Trend Analysis

Current Trend: Bearish and possibly reversing

Price Action: Trading below both 50-DMA (₹5,640) and 200-DMA (₹5,474) — signals downward pressure.

RSI (30.2): Approaching oversold territory — potential for short-term bounce.

MACD (-160): Deeply negative — confirms bearish momentum.

Volume: Significantly below 1-week average — weak participation.

📈 Moving Averages

Indicator Value (₹) Signal

50-DMA 5,640 Bearish (Price < DMA)

200-DMA 5,474 Bearish (Price < DMA)

📉 Momentum Indicators

RSI: 30.2 — nearing oversold zone, watch for reversal signals.

MACD: Strong negative divergence — bearish.

Bollinger Bands: Price likely near lower band — potential support zone.

🔍 Volume Trends

Current Volume: 4.17 lakh

1W Avg Volume: 11.84 lakh

Interpretation: Weak volume suggests lack of conviction in current price move.

📌 Support & Resistance Zones

Level Price (₹)

Support 1 5,100

Support 2 4,850

Resistance 1 5,250

Resistance 2 5,475 (200-DMA)

Resistance 3 5,640 (50-DMA)

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹5,000–₹5,100 (if RSI stabilizes)

Exit Zone: ₹5,475–₹5,640 (near DMA resistance)

Stop Loss: ₹4,850 (below key support)

🧭 Conclusion

Trend: Bearish with potential for short-term reversal

Momentum: Weak, but oversold signals emerging

Recommendation: Avoid aggressive entries until RSI confirms reversal. Watch for volume spike near ₹5,100 support.

You can explore live technical charts and signals on TradingView’s Persistent Systems page

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or Trendlyne’s technical dashboard

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