Persistent Systems (Weekly)

Technical Analysis- Trend: Long-term uptrend intact. Structure: Major breakout above ₹5,008 followed by rally towards ₹6,792. Current Phase: Mild pullback after recent high — healthy correction. Price Behaviour: Pullback is orderly; no structural damage. Key Levels: Support: ₹6,130 → ₹5,600 → ₹5,008 Resistance: ₹6,792 → ₹7,200 zone Fundamental Analysis- Business: IT services company focused on cloud, digital, and product engineering. Growth: Benefiting from enterprise digital transformation. Earnings: Consistent revenue growth with stable margins. Client Base: Strong presence in BFSI, healthcare, and software companies. Summary View- Quality IT compounder consolidating within an ongoing uptrend.