Investors with a short-term perspective can buy the stock of Persistent Systems at current levels of ₹569.4.
The daily relative strength index is on the brink of entering the bullish zone from the neutral region and the weekly RSI has entered the neutral region from the bearish zone. Besides, the daily price rate of change indicator features in the positive terrain implying buying interest.
The short-term outlook is bullish. The stock’s short-term rally can continue and reach the price targets of ₹593 and ₹604 in the upcoming sessions.
Traders with a short-term view can buy with a stop-loss at ₹557.