[Premium] Trade Of The Week

The Nifty IT index has recently experienced a fresh ten-month base breakout and is showing signs of strong performance. Previously, Persistent Systems had a substantial rally alongside the broader IT sector. As of late, IT stocks have been steadily climbing, with this particular stock outperforming both the sector and the broader market.
The momentum for this stock has been bullish, with a breakthrough above the January 2022 level where Nifty IT peaked. We hold a positive outlook for this stock as long as it remains above the risk management level of 4,500. Our target is close to 5,900.

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Allstarcharts Team