Persistent Systems have been trading in a broad range for the last few months. It has tested the bottom range thrice and now the prices are hovering near the upper range where we can also spot an accumulation and a confluence of the upper range and another resistance trendline.
As for the bearish section, there is a confluence of 200 EMA and the support trendline, but as for the performance of the sector, my personal belief is that the stock might show us a good rally anytime now.
Trade with due diligence.
As for the bearish section, there is a confluence of 200 EMA and the support trendline, but as for the performance of the sector, my personal belief is that the stock might show us a good rally anytime now.
Trade with due diligence.
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