Persistent Systems Limited is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has broken a rectangle formation. A decisive break of the resistance at 5073 will signal a further rise to 5565 or more.
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The stock has
marginally broken up through resistance at
rupee 5060. An established break predicts a
further rise. The stock is overall assessed as
technically positive for the medium long term.
