Stock at long term support zone + RSI and Stochastic divergence hinting for momentum sift and possible trend reversal. Hopping to archive target in 1 to 2 week once it breaks the friday high.
NSE:PERSISTENT
The chart is forming a bullish curve pattern. If it breaks the resistance level of 954-960 then it can go up till 1000-1100.
Keep the stop loss at 658.
LONG TERM IDEA.
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WEEKLY CHART
1) Stock has broken out of the consolidation zone with good volumes.
2) Relative strength has gone past previos highs; reflects strength in the stock.
3) MACD histogram increasing; reflects positive consensus on the stock by way of short / long ema crossover.
4) ADX above 20; reflects trend intact.
5) cmp 822. Target 944; stop 750
