PERSISTENT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Persistent Systems Ltd (PERSISTENT)

📊 Trend Overview

Current Trend: The stock is in a bullish trend, trading above both its 50-DMA (₹5,399) and 200-DMA (₹5,421), indicating sustained upward momentum.

52-Week Positioning: At 53.7% of its 52-week range (₹4,149 – ₹6,789), the stock is mid-range, suggesting recovery from lows with room for further upside.

📈 Momentum Indicators

RSI (60.5): Bullish zone. Indicates strong buying interest but still below overbought territory.

MACD (37.7): Positive divergence confirms bullish momentum. No signs of reversal yet.

Volume: Current volume (5.38L) is slightly above the 1-week average (5.02L), showing healthy participation and accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock has recently bounced off its 50-DMA and is now trending upward. A breakout above ₹5,600–₹5,650 could trigger the next leg up.

Support Levels

₹5,400–₹5,420 (DMA cluster)

₹5,250 (recent swing low)

Resistance Levels

₹5,650–₹5,700 (minor resistance zone)

₹6,000–₹6,200 (psychological and historical resistance)

📌 Bollinger Bands

Price is approaching the upper band, suggesting strong momentum. However, a short-term pullback toward the middle band (~₹5,400) is possible before continuation.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 5,400–5,450 Near DMA support, favorable risk-reward

Exit (Short) 5,650–5,700 Resistance zone, potential profit booking

Exit (Long) 6,000–6,200 If breakout sustains above ₹5,700

🔍 Market Behavior

Trending: Yes, bullish trend confirmed by MACD and price above DMAs.

Consolidating: No, price is expanding with momentum.

Reversing: Not currently. Indicators suggest continuation unless volume drops.

🧠 Summary

PERSISTENT is technically strong, supported by bullish indicators and price action above key moving averages. RSI and MACD confirm momentum, and volume trends are healthy. Traders may consider accumulating near ₹5,400–₹5,450 and watch for breakout above ₹5,700 for further upside toward ₹6,200.

Let me know if you’d like a peer comparison or sector-wide scan for similar setups.

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