PERSISTENT is
currently trading at 523.5 levels. Technically, The stock has tested
multiple trend line support & bounced back with positive candle which
indicates buyer are active in that zone (which is marked as yellow color in
chart). If resistance level of 537 breaks, then the stock will rise
towards 589 - 630 levels. An addition, falling trend line break out
has been witnessed on the daily chart which is sign of bulls.
The support level
placed at 490 - 475. On the weekly chart, RSI has given positive crossover
which is added strength to the bulls.
Recommendation: Traders
can buy on dips to 519 - 513 levels with a stop loss of 475 (Close) for the
target of 589 - 630 levels.
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