FSL - Potential Swing trading Setup 🔰 MY thought process :
⭐Everything explained in charts itself for this one :) with logic
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted on my page :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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FSL
Swing Trade Idea #239 : Long on FSL This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
FSL ready for next swing?Monthly and weekly are bullish. Reached all time high and is retracing. Have reached a daily support as can be seen from the ichimoku chart. If price moves above 73 and closes above previous candles then it can be a possible next swing giving a minimum target to previous highs. Awaiting further confirmation before taking a position.
FirstSource Forming CUP-HANDLE PATTERN (Bullish)On monthly chart, it is been observed that the price action formed a bullish cup-handle pattern that indicates continuation of trend and further upside movement. It is a great opportunity to invest in this particular stock at current price levels to gain more than 55% returns.
Target: 67
Stoploss 29
Duration: 6 months