In the previous session, the market witnessed volatility throughout the day. The market opened on a negative note and made a low of 17091.15. Post that the Nifty index gradually recovered all its loss. However, in the second half the index again slipped into a negative zone and closed with a minor loss of 22.90 points.  A bullish window occurred on the daily chart. We recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for – Friday, March 25, 2022’ before the market opens.

Persistent Systems Ltd

NSE :PERSISTENT   BSE :533179  Sector : IT – Software

On the daily chart, we can see that Persistent Stock prices have formed a ‘V- Bottom pattern’. In the previous session, stock retested the higher level and closed above the neckline of the pattern with a bullish candle. A pullback was seen in the stock after a V bottom formation. The best way to trade in this pattern is wait for the price to break the neckline of the pattern and then enter a position once price retests the neckline level again. The Relative Strength Index (RSI) on the daily chart is 64.48 showing negative divergence against the stock prices.

In short, Persistent has continued to trade in the positive zone. Now a move above 4650 will confirm the uptrend and open up gates for higher levels towards 5092. As far as we do not see any closing below 4300 on the lower side.

Check More Analysis on PERSISTENT at: Persistent Systems Ltd