FSL trade ideas
- ve divergence of FSLNegative divergence is showing in FSL 30 mint time frame with a triangle patter...
Wait for pullback. FSL gave a big breakout today but there was selling in the last 1 hour. The price might pull back to the breakout zone. If you don't want to miss this opportunity, buy 25% here and wait for pullback.
Bullish Continuation Pattern - FlagFSL has moved well from the marked box pattern and formed the bullish continuation pattern FLAG
Pattern will triggered above 170 for 35 points with negation below 160
FSL BREAKOUT fsl gave resistance breakout with a good volume and can travel upto 178-180
in a one trading session
Firstsource trading bullish and record ATHNSE:FSL
Stock is trading bullish and ready to create new records
Entry level marked on chart.
Its a Multibagger stock, according to your need fill your bags.(Not marked the target)
FSLBuy above 145, stop loss is 139. Targets are 158, 172, 180 and 192. Duration : 6 months to one year.
Note : Consult your financial advisor before investing.
Firstsource Solutions Ltd. - Up-Flag on DAILY chartFSL is in an up-trend. The up-rally on this counter went into consolidation. The consolidation got the upward breakout on a daily candle dated 2nd June 2021 and closed at Rs.146.50. This breakout is supported by increased volume. I anticipate the price target of Rs.163 in a time frame of about 5 daily candles. I suggest the stop loss at Rs.142. The risk-reward ratio is 1:3. The stop loss should be followed for first four daily candles and thereafter the profit booking/ exit decision should be based on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
NOTE: This idea is an attempt to predict the future price. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
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.
<<<<<>>>>>
Swing Trading with low amount Just a prediction based on technical analysis
For Educational Purpose only
FSLPlease take a look at the chart and wait for the price accumulation.
Price may get corrected and will fall into the support zone as mentioned.
Can take a fresh entry once price falls into the zone.
Cheers !!!
FSL ShortTermAbout FirstSource Solutions Ltd.:
Firstsource Solutions Ltd is a global provider of business process management services. The company offers wide range of services in the area of banking and financial services i.e. provides customized, flexible and cost effective BPO solutions in area of retail banking, insurance, credit cards and mortgages, telecommunications and media i.e. offers aids for improving their business processes, developing and implementing customer acquisition and retention programs. and the healthcare industry i.e. offer services such as health claims processing, claims adjudication and mailroom services..They provides services throughout the customer lifecycle that includes customer acquisition, customer care, billing and collections, transaction processing and business research and analytics.
Bonus Brownie Point:
Earnings are around the corner. It has been observed that the company has constantly shown growth in its last 3 quarters and also year on year. While income from other sources has fallen but the income through actual business activities has been on a decent run.
Technical Analysis:
With today's breakout, watchout for next level FIB@ 135.50 before retracement. So a short term swing trade looks profitable.
Disclaimer: Not a financial advice. Always invest the amount you can afford to loose.
FSLA breakdown and retest of the price derives a bearish momentum so look for a shorting opportunity below the key level ."EDUCATIONAL PURPOSE"
