Chart Check: Breakout from falling trendline adds strength to Persistent Systems; stock could retest record highs
The stock has been in an uptrend since then. It rose more than 18% in a month, and over 20% in the last three months. The stock rallied over 30% in the last 6 months.The momentum pushed the stock closer to overbought levels; hence, some consolidation could be on the cards.
