Persistent Systems (NSE: PERSISTENT) remains one of the stronger mid-cap IT company $PERSISTENT

Persistent Systems (NSE: PERSISTENT) remains one of the stronger mid-cap IT companies fundamentally, but for a Monday breakout trade, the key is the price level rather than buying blindly. Technical view for Monday Immediate resistance: around ₹5,345. A decisive close above this level could signal a fresh breakout toward ₹5,490. EquityPandit Immediate support: around ₹5,010. A break below this would weaken the short-term setup. EquityPandit Fundamentals The company continues to report strong growth: Revenue growth around 17–25% YoY in recent periods. Consistent profitability with healthy margins. Debt is very low, and the company has maintained strong long-term earnings growth. Persistent Systems +1 Recent positives Announced a ₹40 per share dividend for FY26. Continues to benefit from enterprise AI demand and has maintained sequential growth. ***** +1 Trading plan Buy: Only if it trades above ₹5,345 with strong volume. Target: ₹5,490 initially, then higher if momentum continues. Stop-loss: Around ₹5,200 (or below the breakout candle, depending on your strategy). For a 1–3 week swing trade, I would rate Persistent Systems 8.5/10. It's a quality IT stock, but waiting for confirmation above resistance is generally a better risk-managed approach than buying into resistance.