Chart Check: Persistent Systems retests breakout area of 74-week inverse Head & Shoulder pattern; should you buy?

Chart Check: Persistent Systems retests breakout area of 74-week inverse Head & Shoulder pattern; should you buy?

Persistent Systems Ltd, part of the software and consulting industry, is undergoing consolidation around the breakout area of the 74-week inverse Head and shoulder pattern on the weekly charts. Short-term traders can look to buy the stock for a target above Rs 5600 in the next 2-3 months, suggest experts. The stock gave a breakout … Read more

After a 50% rally, revenue visibility just got better for this IT stock

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The momentum is expected to continue given the traction in its digital offerings. Synopsis In line with bigger peers, Persistent showed a strong topline growth and margin improvement in the third quarter. Revenue grew by 7.4% sequentially to $146.2 million. The stock of Persistent Systems has gained nearly 53% over the past three months. Of … Read more