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:
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## ☕ **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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.