Persistent Systems, Dixon Technologies, LTIM, CDSL and Angel One Shares Show Positive Breakout on Weekly Technical Charts
Indian markets witnessed volatility during the last week's trade and we also witnessed a surprise recovery of nearly 550 points in NSE Nifty 50 from lower levels on Friday. The recovery from lower levels on Friday might have given strength to bulls but we will need to see the trades on Monday. Some of the stocks that have witnessed a positive breakout on weekly charts include Persistent Systems, Dixon Technologies, LTIM, CDSL and Angel One. Some of these stocks are also trading near their yearly highs. TopNews has reviewed the technical levels for these stocks.
Brief Stock Analysis and Levels
Persistent Systems
Strong Market Cap and Growth: With a market cap nearing Rs 992.69B, Persistent Systems remains a robust player in IT services. The stock has shown resilience, trading near its 52-week high.
Technical Insights: Fibonacci levels indicate potential retracement zones, with Rs 5,317.18 as a key support.
Growth Outlook: Focused on AI and cloud services, Persistent Systems is poised for steady growth.
Dixon Technologies
Impressive Upsurge: Dixon recently hit its 52-week high, underscoring its strong market performance.
Fibonacci Indications: Key levels such as Rs 14,491.27 can act as a support zone in case of pullbacks.
Diversified Business: Dixon’s consumer electronics and innovation-driven manufacturing keep it ahead of competitors.
LTIMindtree
Tech Sector Dominance: With a market cap of Rs 1.99T, LTIMindtree continues to leverage digital transformation opportunities.
Fibonacci Focus: Critical support lies at Rs 5,756.27, offering a strong foundation during volatile markets.
Global Expansion: With digital infrastructure and consulting services, the company is expanding its footprint globally.
CDSL
Market Position: As a depository player, CDSL has grown to a market cap of Rs 406.19B.
Fibonacci Trends: Rs 1,428.97 is a critical retracement level for investors eyeing a dip-buying strategy.
Investor Trust: Rising demand for digital securities positions CDSL for long-term growth.
Angel One
Retail Investor Focus: Angel One, with a market cap of Rs 305.40B, continues its focus on retail brokerage and digital investing solutions.
Fibonacci Markers: Rs 3,345.78 offers a notable support level for investors watching for corrections.
Growth Trajectory: With increasing adoption of trading platforms, Angel One is well-positioned in India's booming financial services sector.
| Stock | Open | High | Low | 52-Week High | 52-Week Low | Market Cap | P/E Ratio | Div Yield | CDP Score | Fibonacci Levels |
|---|---|---|---|---|---|---|---|---|---|---|
| Persistent Systems | Rs 6,420.05 | Rs 6,492.70 | Rs 6,345.00 | Rs 6,509.00 | Rs 3,213.12 | Rs 992.69B | 80.97 | 0.40% | C |
23.6%: Rs 5,317.18 38.2%: Rs 4,938.87 50.0%: Rs 4,861.06 61.8%: Rs 5,339.13 78.6%: Rs 6,239.10 |
| Dixon Technologies | Rs 17,639.00 | Rs 18,034.00 | Rs 17,530.60 | Rs 18,034.00 | Rs 5,782.85 | Rs 1.08T | 146.80 | 0.028% | D |
23.6%: Rs 14,491.27 38.2%: Rs 13,431.99 50.0%: Rs 11,979.44 61.8%: Rs 14,142.22 78.6%: Rs 16,421.11 |
| LTIMindtree | Rs 6,650.00 | Rs 6,738.00 | Rs 6,640.25 | Rs 6,738.00 | Rs 4,513.55 | Rs 1.99T | - | - | - |
23.6%: Rs 5,756.27 38.2%: Rs 5,539.79 50.0%: Rs 5,035.55 61.8%: Rs 6,142.44 78.6%: Rs 6,639.72 |
| CDSL | Rs 1,940.00 | Rs 1,951.75 | Rs 1,905.00 | Rs 1,962.20 | Rs 811.00 | Rs 406.19B | 76.10 | 0.49% | - |
23.6%: Rs 1,428.97 38.2%: Rs 1,207.84 50.0%: Rs 1,117.32 61.8%: Rs 1,601.71 78.6%: Rs 1,856.73 |
| Angel One | Rs 3,428.95 | Rs 3,428.95 | Rs 3,282.55 | Rs 3,896.00 | Rs 2,025.00 | Rs 305.40B | 22.82 |
