FSL
Traingle Pattern - Breakout ConfirmedFSL had been trading in a long term parallel channel and short term triangle pattern.
It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel.
It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart itself.
The RSI and MACD are also set up beautifully and the momentum seems good for some upside movement.
FSL STOCK ANALYSIS WITH TECHNICAL TARGET
1. Today we'll discuss another company which is FIRSTSOURCE SOLUTION LTD FINANCIAL i.e. FSL
2. Today Date is 03-09-2021.
3. Currently stock is trading at 190.40 which is shown in candle chart.
4. There are two Technical Targets. First one is 190.40 to 203 which is shown in image above, which is approximately 6.80% gain. Second Technical Target is 240, which is also show in image, second technical target is from 203 to 240 is approximately 21 % upmove gain. which mean if we buy at lower price then approximately total gain of both technical target will become approximately 27 %.
5. How much time it takes to reach target, according to my analysis, it takes maximum 4 months.
6. FIRSTSOURCE SOLUTIONS LTD FINANCIAL NSE Code is FSL
8. Last quarterly result which is June Month (2021) is highest ever, company have net profit 135 cr.
IMPORTANT RULES
09 Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
10. We never sell stock in loss.
11. We are investing in equity share.
12. Patience is the key in equity, sometime great company went down that is the opportunity to buy these companies because we know they will come back very quickly.
Disclaimer:- I'll post here stocks analysis from my learning, not a recommendation of stocks buy or sell.
Trendline breakout in FSL with volumesA 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.