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DEEPAK PAL

19th Jan · SEBI-Registered Analyst

"Persistent: रिजल्ट बीट से रैली की उम्मीद – सपोर्ट होल्ड, टारगेट ऊपर!"

Technical Analysis The chart displays a downtrend from recent highs ~₹6000+, with price testing supports at ₹5124 (S1), ₹5086 (S2), and ₹5060 (S3 classic pivot). All MAs signal sell (MA5: ₹5157 sell, MA50: ₹5468 sell, MA200: ₹5786 sell), RSI(14) at 32 sell (oversold), MACD -90.9 sell, but STOCHRSI 83 overbought hints reversal. CCI -96 sell, ADX 20 neutral; ATR 57 low volatility suggests consolidation. Bullish divergence possible if holds ₹5060, targeting R1 ₹5189-R2 ₹5215.

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Micro View (Short-term) 1-2 weeks: Oversold bounce likely to ₹5189-5215 if support holds, pre-results volatility high (ATR low but event risk). Stochastic neutral, watch ₹5124 break for downside to ₹5060. Relief rally possible post-dip. Macro View (Long-term) Uptrend intact YTD +7.41%, 706% 5-yr gains; targets beyond ₹6000 on earnings beats, but margin pressure caps. Policy tailwinds in IT services favor growth to $5B revenue.
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Recent Rally Reasons Buy-side rally today from lows ~₹5100 on dip-buying at oversold supports, results anticipation, and IT sector rotation amid Nifty consolidation. Volume pickup confirms accumulation.
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News Events & Impact Q3 Results Jan 20: High impact; margin dip expected but revenue beat positive (upside surprise +5-10%). Recent news: Wage hike pressure (180 bps), BFSI/healthcare drivers; no major negatives today morning. CNBC preview highlights volatility. Positive earnings history supports post-result pop.
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PANSARI

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Daily Chart Analysis of PERSISTENT on 19012026.pdf
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