Firstsource Solutions Limited up side breakout on daily chartFirstsource Solutions Limited Result on 28 October watch till result
price near 330 is good for entry in this stock with strict SL
up side move possible
price looking good moving up from 20 ema
going in continution
keep eyes on this stock
Disclaimer: This is Not a Buy or Sell Call
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Firstsourcesolution
FSL - SWING TRADE - 5th Jan #stocksFSL (1D TF)
Swing Trade Analysis given on 5th January, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance & Breakout - In Progress
- Retracement & Consolidation - In Progress
- Change of Polarity - In Progress
#StockMarketindia #StocksInFocus #swingtrade #chartanalysis #fsl
FSL : Consolidation Breakout and ContinuationGood Consolidation on Monthly TF
A good breakout backed by:
1. Volumes
2. Retracement & Continuation
Entry: 140
SL: 116 (Closing basis)
Target: ATH or Round Number 200
Details are mentioned on chart.
DISC: This is not a tip to buy or sell any stock. I am not a sebi registered Analyst so please do your research before making any decisions.
FSL WEEKLY ROUNDING BOTTOM FORMATIONScrip had made it's all-time high in July 2021. Now giving bullish reversal signals.
Technical Positives
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• 50 SMA crossed above 200 SMA which is known as Golden Cross over.
• Price has shown trend reversal and broke weekly bearish super tren'd and after consolidation, it started its upward journey
• It is making rounding bottom formation.
• It gave reverse head and shoulder break out last week which also indicates bullish view
• EMAs expanding after contraction
Probable Targets
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1st 183, 29% above the CMP
2nd 217 to 229, more than 57% above the CMP
3rd 360, 154% above the CMP
I kindly request your valuable feedback on the accuracy and validity of my learning and research. Furthermore, I would greatly appreciate any suggestions on areas where I can enhance my skills and knowledge.
DISCLAIMER:
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The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events.
I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions.
Investing in the stock market is subject to market conditions and any unforeseen events. Also involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions.
Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions.
FSL BREAKOUT FSL looks good on weekly chart by breaking a strong horizontal resistance are where the bunches of resistances was standing now looks bullish by breaking that closing above on that with a good increment in volumes expectation is coming up move is this stock.
Cause of long-:
1- Horizontal resistance breakout.
1- Volume breakout.
Some of Small Cap 100 stocks to keep eyes 👀 on for next week NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either side will give move in that direction.
4) IEX
On 1D TF, Friday candle gave closing in the resistance Channel. Once it come back above 180 level then we can see one pull back to go up side. but if it fail then the downtrend will continue.
5) First Source Solution
It has to sustain above 100.50 to give one up spike 102 - 102.50 is a flip level. It will face resistance from it if it trades below it and it will become support if it trades above it.
6) Birla Soft
364-365 is a immediate breakout level. If it sustain above it then we can see up move in it.
7) GNFC
590-592 range is flip zone.
If it sustain above it then we can see up trend. Below this range it is in bearish sentiment. Above next resistance is at 600 level.
8) Chambal Fertilizer
280 level range is major support level. We might see good bounce from here. also if it fails to hold 280 then we can also see good selling in it.
9) Balrampur Chini
378 is immediate hurdle to take out.
Above this it has to sustain to test 390-395 levels. 365 is immediate support. Breakdown of this support will lead to down fall.
10) SPARC
It has to sustain above 205 level range to go bullish.
Below 200 level it will be bearish.
11) CANFIN HOMES
438-440 is breakout level
430-431 is support level at this moment.
Breakdown of 430 will invite selling and if it takes support from 430 range then buying will come which can lead to test 438-440 level and breakout of this 440 level will lead it to test 445-448-450 levels.
12) PVR
1850-1860 is immediate resistance range.
If it manage to sustain above it then we can see the up move will continues and if it face resistance from it then it may go to test 1800 levels.
1660-1680 range is major support range.
13) Radico Khaitan
Above 840-841 it will be bullish. It has been trading in range since long time.
Keep this on radar it can be also a good positional trade.
This view are personal.
All the best for your next trading week.
Feel free to share your suggestions/doubts if any.
wolf wave pattern in FSL1.) Possible (long) wolf wave pattern in FSL.
2.) Stock is in down trend since July 2021 and continuously making lower high and lower low.
3.) However, the recent price action is depictive of a possible wolf wave formation in FSL.
4.) Since the overall market sentiment is negative currently, long trade should be taken cautiously depending upon the conditions.
5.) major support and resistance levels are highlighted in the chart.
FIRST SOURCE SOLUTION DAILY CHART ANALYSIS AS ON 26.12.2021posted on 23.12.2021 FIRST SOURCE SOLUTION above 180 level and on 24.12.2021 the stock broke the resistance level 178 and closed at 183 for a target 190 level. Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
FSL, confluence of multiple lines points to continued rally1. Bouncing off the lower median line of higher TF pitchfork and daily TF pitchfork
2. Break out and last kiss from down sloping trendline
3. higher than avg volumes
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)