PERSISTENT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.3

📊 Technical Analysis Summary

• Trend Status: Trending upward
• Current Price: ₹5,914
• RSI (66.4): Bullish zone — nearing overbought
• MACD (173): Strong bullish crossover — momentum confirmed
• Volume: Slightly above average (3.41L vs 3.28L) — healthy participation
• DMA 50/200: Price above both (₹5,507 & ₹5,436) — bullish trend
• Bollinger Bands: Price near upper band — resistance likely near ₹6,000

📈 Entry & Exit Zones

• Support Levels: ₹5,750 / ₹5,500 / ₹5,300
• Resistance Levels: ₹6,000 / ₹6,300 / ₹6,789
• Optimal Entry: ₹5,750–₹5,850 (on minor pullback)
• Exit Target: ₹6,300–₹6,789 (if momentum sustains)

✅ Positive

• Strong MACD and RSI — bullish technical indicators
• Price above key moving averages — trend confirmation
• Low debt-to-equity ratio (0.05) — financially sound
• ROCE (28.4%) and ROE (20.9%) — strong operational efficiency

⚠️ Limitation

• High P/E (63.9) and PEG (3.28) — premium valuation
• RSI nearing overbought — risk of short-term pullback

📉 Company Negative News

• FII holding declined by 2.95% — foreign investor caution

📈 Company Positive News

• DII holding increased by 2.83% — strong domestic investor support
• Quarterly PAT rose from ₹374 Cr to ₹465 Cr — 62.5% growth

🏢 Industry

• PERSISTENT operates in IT services and digital transformation — high-growth tech sector
• Industry P/E is 29.4 — PERSISTENT trades at a premium
• Sector benefits from global demand for cloud, AI, and software modernization

🧾 Conclusion

• PERSISTENT is currently trending upward with strong technical and fundamental signals
• Entry near ₹5,750 may offer upside toward ₹6,300–₹6,789
• Valuation is rich — ideal for momentum traders and long-term investors with growth appetite