The Persistent Systems touched a high of Rs 878 in the month of February and then declined to hit a low of Rs 657 levels. The rally in the month of April has seen good volumes indicating buying participation.
The decline in the month April retraced 61.8 percent Fibonacci of the fall from Rs 868 to Rs 733 and seen a bounce back. The stock has formed a bullish inverted head and shoulders pattern on the daily chart.
For the last few sessions, thePersistent Systems price has been trading in a narrow range before the next leg of up move could begin. The stock can be bought around 840 and on target at Rs 855-875 with a stop loss below Rs 820 levels.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
The decline in the month April retraced 61.8 percent Fibonacci of the fall from Rs 868 to Rs 733 and seen a bounce back. The stock has formed a bullish inverted head and shoulders pattern on the daily chart.
For the last few sessions, thePersistent Systems price has been trading in a narrow range before the next leg of up move could begin. The stock can be bought around 840 and on target at Rs 855-875 with a stop loss below Rs 820 levels.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
No comments:
Post a Comment