Niftydirection

Firstsource Solutions Third wave with Cup and Handle

Long
NSE:FSL   FIRSTSOURCE SOLUTI
First source solution ( FSL ) looking for breakout from parallel channel . Third Elliot Wave has been started which can be confirmed by volume blast.
Formed cup and handle pattern which is near breakout point.
All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details.
Third wave target 58
Fourth Wave target 47
Fifth Wave 61+

All details marked in chart. Stock may not follow exact plotted numbers there could be small variation.

Disclaimer: Trading based on this analysis may not be suitable for all investors/traders.
Consult your financial advisor before trading/investing.
Trade active: Entry 42.7
Comment: FSL rocking at 51 more to come
Trade closed: target reached: Made high 58.4 today.

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