NSE:FSL Daily breakout was successfully completed and even broke the weekly breakout level but selling kicked in and it was obvious it'll face some resistance there, now expecting a re-test and then weekly breakout further.
📈 FSL
✅ Rounding bottom pattern
✅ increase in FII holding
✅ Revenue increasing better than peers
✅ Overall fundamentals are good and over performed peers in last few years
Ascending Triangle Pattern already breakout trg opens for long.
respect Sl
Company has been maintaining a healthy dividend payout of 50.2%
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📈 FSL @220
✅Cmp 216 enter above 220 only
✅ Rounding bottom pattern
✅ increase in FII holding
✅ Revenue increasing better than peers
✅ Overall fundamentals are good and over performed peers in last few years
For Educational Purpose..
⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased
⚠️ No Buy Sell recommendation, do your own Analysis.
#FSL IS READY TO BUY LONG
Waiting Time 3-6 Months
Long Above (Required Candle close) - 178-180
SL - 150
Target - 190, 200, 210, 225 & More...
Thank you
FSL on weekly timeframe has given a good 5 weeks of inside candle consolidation breakout with volumes, The breakout has also been above a counter trendline (previously a support trendline in lower high formation during correction, and breakdown in Feb'22).
On daily time frame, FSL is trading in a range since last 180-190 sessions and has first time given a...
What is the cup pattern?
Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout.
How to trade ?
The buy point occurs when the stock breaks out...
FSL, Firstsource Ltd , 127 has given breakout on daily charts with highest volumes in last 2 years. This mid cap stock is looking now bullish for at least 25% returns with target of 160 to 180. Invalid below 115 on two day closing. This is price volume action
