Another **superb bullish setup** on **PERSISTENT SYSTEMS LTD**!
Textbook **Cup and Handle** pattern here with a **flag inside the handle**, adding extra confirmation. Let’s break it down:
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## ☕ **PERSISTENT SYSTEMS – Cup & Handle Breakout**
### 📍 **Pattern**:
* **Cup Depth**: ₹1805.15
* **Breakout Point (Neckline)**: ₹5960
* 🎯 **Target**:
₹5960 + ₹1805.15 = **₹7775** ✅
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### 📈 **Technical Analysis Highlights**
* ✅ Breakout from handle + flag pattern near neckline
* ✅ RSI breakout above falling trendline — confirms momentum
* ✅ All EMAs are in **bullish alignment**
* ✅ Price above 8/21/55/144 EMA and 79% change YoY
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### 🔍 **Bullish Confluence**
* Cup & Handle (long-term pattern)
* Flag inside Handle (short-term continuation)
* RSI breakout = Strength confirmation
* Strong earnings growth (see EPS panel)
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### 📊 **Trade Setup**
* **Entry**: ₹5960–₹6020 range (already broken out)
* **Target**: ₹7775
* **Stoploss**: ₹5700 or below flag support (tight stop \~₹5600)
---
Textbook **Cup and Handle** pattern here with a **flag inside the handle**, adding extra confirmation. Let’s break it down:
---
## ☕ **PERSISTENT SYSTEMS – Cup & Handle Breakout**
### 📍 **Pattern**:
* **Cup Depth**: ₹1805.15
* **Breakout Point (Neckline)**: ₹5960
* 🎯 **Target**:
₹5960 + ₹1805.15 = **₹7775** ✅
---
### 📈 **Technical Analysis Highlights**
* ✅ Breakout from handle + flag pattern near neckline
* ✅ RSI breakout above falling trendline — confirms momentum
* ✅ All EMAs are in **bullish alignment**
* ✅ Price above 8/21/55/144 EMA and 79% change YoY
---
### 🔍 **Bullish Confluence**
* Cup & Handle (long-term pattern)
* Flag inside Handle (short-term continuation)
* RSI breakout = Strength confirmation
* Strong earnings growth (see EPS panel)
---
### 📊 **Trade Setup**
* **Entry**: ₹5960–₹6020 range (already broken out)
* **Target**: ₹7775
* **Stoploss**: ₹5700 or below flag support (tight stop \~₹5600)
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.