Delivery Pick Newsletter 13 June, 2017

Persistent Systems (657): Buy

Buy it at current levels or any dip with a stop below 600. Targets 700 – 713, and 759 – 802. Its chart shows that it has already bottomed out, and probably would be the one of the best performing technology stocks on the bourses. 

Technically, it shows a number of bullish crossovers of short and medium term moving averages with long term moving averages. It has also cleared the medium term down trendline.

You can buy it anywhere up to 625. It is a technical call.