Persistent Systems - Bullish above 4920
The stock has tuned bullish and is likely to resume its uptrend beyond 4920.
1) Supertrend has signalled buy
2) It has several buying zones above 50 DMA
3) Nifty IT has turned uptrend and hence IT stocks are likely to gain going forward
4) FII buying has improved gradually
5) Double Top formation and stock going to test resistance third time and hence is likely ot breakout.
Beyond 4920 this stock will turn bullish.
This analysis is for academic purpose.
1) Supertrend has signalled buy
2) It has several buying zones above 50 DMA
3) Nifty IT has turned uptrend and hence IT stocks are likely to gain going forward
4) FII buying has improved gradually
5) Double Top formation and stock going to test resistance third time and hence is likely ot breakout.
Beyond 4920 this stock will turn bullish.
This analysis is for academic purpose.
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