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Stock Radar: Sell Persistent Systems for a target of Rs 2950, Shitij Gandhi recommends

“After hitting a 52-week high of 4987.50 in January 2022, Persistent Systems has corrected almost 30% from there and is now trading around 3400 levels. This IT stock has remained underperformer this year as prices can be seen fluctuating in a downward sloping channel with the formation of lower lows,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

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