A spike in volume is clearly visible with the today's gain of nearly 5 percent. This makes FSL a great long opportunity with the entry at the current levels with the stop loss below the nearest swing low.
Kindly note that this is not a recommendation and for only educational purpose.
Your target looks a little risky because trade is only possible if it closes the candle above 193.35. Also, there is major resistance around 199. Pls reply if I am wrong
NandanChaturvediTrade
⋅
@rkvtrades, Your observation is right. This is where the trade management comes in play. If the stock opens above the current candle and shows buying pressure, then its a good entry. Target is reasonable since the IT sector is still strong.
rkvtrades
⋅
Look at a smaller time frame, to see some important levels. Thank you
NandanChaturvediTrade
⋅
@rkvtrades, If you look at smaller TF, the breakout is already done. In fact it is making a rounding bottom kind of pattern.