Fundamental Aspect:
First Source Solution is an IT company and has a decent market cap. The stock has been witnessing a huge volume since June. Just compare the size of red vol candles vs the green vol candles. FII's increased their shareholding in June quarter and promoter pledging is zero.
The debt to equity ratio is low. Also, the result season is around the corner and going by the previous quarters sales record the company is expected to do well.
Technical Aspect:
The stock is in momentum and after a sharp upside rally made a 28% correction from the high. It now seems to be ready for the next leg. Hovering at a crucial point, a sustainable break above this level would lead the stock towards next rally.
It is a positional bet.
Like I always say, read out the description to learn and not just to follow it blindly. Just look at the pointers mentioned while analysing this stock and start thinking on similar terms:) Trust me, this is the best way to learn.
The plan is to make everybody independent and not dependent:)
First Source Solution is an IT company and has a decent market cap. The stock has been witnessing a huge volume since June. Just compare the size of red vol candles vs the green vol candles. FII's increased their shareholding in June quarter and promoter pledging is zero.
The debt to equity ratio is low. Also, the result season is around the corner and going by the previous quarters sales record the company is expected to do well.
Technical Aspect:
The stock is in momentum and after a sharp upside rally made a 28% correction from the high. It now seems to be ready for the next leg. Hovering at a crucial point, a sustainable break above this level would lead the stock towards next rally.
It is a positional bet.
Like I always say, read out the description to learn and not just to follow it blindly. Just look at the pointers mentioned while analysing this stock and start thinking on similar terms:) Trust me, this is the best way to learn.
The plan is to make everybody independent and not dependent:)
