PERSISTENT SYSTEMS LIMITED
Updated
This is a stock to hold in portfolio for wealth creation.. and also a traders darling to make short term gains and trading gains as well
Currently standing above 21 EMA and showing strong bullish trend on RSI and pivotal supports
One can enter at the current market price @ 4764 and continue to add in dips up to 4400 levels
Short Term Targets
First Target - 4975 (4.4% up side from CMP)
Second Target - 5326 (11.8% up side from CMP)
Third Target - 5885 (23.5% up side from CMP)
Short term stop-loss is 3986 (on daily closing basis) (16.3% downside risk from CMP)
Long Term Targets
Target - 6790 (42.5% up side from CMP)
stop-loss is 3326 (on daily closing basis) (30% downside risk from CMP)
This idea is only for education purpose and not for real time investment or trading. kindly consider your financial adviser before investing
High Beta Stock... kindly check your risk appetite
Currently standing above 21 EMA and showing strong bullish trend on RSI and pivotal supports
One can enter at the current market price @ 4764 and continue to add in dips up to 4400 levels
Short Term Targets
First Target - 4975 (4.4% up side from CMP)
Second Target - 5326 (11.8% up side from CMP)
Third Target - 5885 (23.5% up side from CMP)
Short term stop-loss is 3986 (on daily closing basis) (16.3% downside risk from CMP)
Long Term Targets
Target - 6790 (42.5% up side from CMP)
stop-loss is 3326 (on daily closing basis) (30% downside risk from CMP)
This idea is only for education purpose and not for real time investment or trading. kindly consider your financial adviser before investing
High Beta Stock... kindly check your risk appetite
Trade active
First Target 4975 achieved.. hold for second targetTrade active
Persistent reached its lifetime high today.. continue to hold the stock and see 20% returns is short term.
stock is moving exactly as per our study
Trade active
Second Target achieved today .. continue to hold for third target
we achieved 12% returns in just 12 trading days
Trade closed: target reached
stock made high of 5798.. short term traders can book profits and wait for correction to enter again
stock is going to see 7000 levels by end of this year 2024
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