FSL analysis
Updated
FSL on weekly timeframe has given a good 5 weeks of inside candle consolidation breakout with volumes, The breakout has also been above a counter trendline (previously a support trendline in lower high formation during correction, and breakdown in Feb'22).
On daily time frame, FSL is trading in a range since last 180-190 sessions and has first time given a decent closing above 200 ema with volumes. This 200 ema breakout has happened on daily timeframe first time since Dec 2021.
On 4 hour timeframe, it has given a rounding bottom breakout with volumes.
Overall, structure is suggesting early signs of reversal for now. Keep it watchlist for a swing momentum trade.
On daily time frame, FSL is trading in a range since last 180-190 sessions and has first time given a decent closing above 200 ema with volumes. This 200 ema breakout has happened on daily timeframe first time since Dec 2021.
On 4 hour timeframe, it has given a rounding bottom breakout with volumes.
Overall, structure is suggesting early signs of reversal for now. Keep it watchlist for a swing momentum trade.
Note
Moving wellNote
Moved wellNote
FSL 180++Note
FSL 209++
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