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: inverse H&S as continuation patternA nice Corrective price action has been seen in previous sessions. The correction took a formation of Inverse Head and Shoulder pattern. One should buy the stock with SL of 95 for target of 123 region.
FSL retracing back to support lineFSL looks like it is retracing back to the support line which had previously acted as resistance and it broke out from.
If it takes support at the trend line, then add here and play the reversal.
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Great momentum in FSLFSL has finished its consolidation.
And after the breakout, it has also successfully completed the retracement.
Ready for up side again from here looks like.
Keep this on the radar.
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NSE:FSL
13 Years HIGH breakoutNSE:FSL going to break its lifetime high. Wait and watch to make a fresh position.
#FSL Chart talking to us without any Indicators || Price Is GODLearn to talk with charts, they will help you :)
I will buy in the dips around near BO.
Short term trade only
First Source Solution - Cup and Handle - Breaking Out?First Source Solution trying to break out after a pull back and almost completing the cup and handle pattern. Can be added in between Rs. 75.50 and Rs. 82. Stoploss below 74 and target between Rs. 96 - 100.
FSLStock has taken support at the breakout near 66-67
Stock is set to move up after this consolidation.
CMP: 74
Target: 87, 93
Tarding views on Firstsource Solutions for 24 August 2020There is a good breakout in this stock
keep trade with stop loss
buy call at 59.75
target 63,66
stoploss 55
Firstsource reversing from key Fibonacci clusterFirstsource attempting reversal from key fibonacci cluster around 49.50. Buy around 51.50-51.75 for targets 55.35/56.90 /61.45 stop 49.0
FSL Buy BreakoutFSL has given breakout with Good Volumes. Would go long on market open 2morrow SL 46 Close based. Target Open since stock is on Verge of Breakout on Weekly.
FSL moves higherFinally the wait is over and bought FSL for 69 with stop as shown. Hourly bearish headwinds are cleared and there are sufficient bullish tailwinds to take the price higher.
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
