#FSL VCPIt seems there is Volatility Contraction in price is going on. Further, there is reduction in volume and time also. And in spread charts CNXIT seems to outperform. It may be added at these level with SL of 69
FSL trade ideas
FSL#fsl looks good above 77.. 84 would be longterm resistance.. looking good though.. weekly chart suggests a 8 week BO
FSL, SERIES OF FLAG BREAKOUT BASED MOVE (CHART# 342)FSL has moved forming flags for continuous fifth time. This is very similar to one of the chart I posted couple of week back. Can you name that?
Current day candle has given breakout from 5th flag pattern in the series and as per its past movement, it should continue the trend.
Above 73.5 looks good (safe abv 75.1)
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta
Elliot Wave Formation - FSLThe parallel trend channels typically mark the upper and lower boundaries of impulse waves, often with dramatic precision. Wave 1 and wave 3 are in sync with Elliott's rule which means formation of wave 5 is clear here. Wave 5 with uptrend and clear increase in its volume shows possible penetration into uptrend.
Possible up move will see around 78,in failure case the price may break the parallel channel below around 70 range.
Please support my ideas and share if you like. I will take my mistakes and improve, please feel free to point it out.
Thanks.
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 SOLUTION LONG !FirstSource solution given breakout zone 42 levels with great volumes one can start accumulating stock for target 50+ at above 43 buying price. this target is invalid if it touches stop loss 37/-
Firstsource Solutions Third wave with Cup and HandleFirst source solution (FSL) looking for breakout from parallel channel. Third Elliot Wave has been started which can be confirmed by volume blast.
Formed cup and handle pattern which is near breakout point.
All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details.
Third wave target 58
Fourth Wave target 47
Fifth Wave 61+
All details marked in chart. Stock may not follow exact plotted numbers there could be small variation.
Disclaimer: Trading based on this analysis may not be suitable for all investors/traders.
Consult your financial advisor before trading/investing.
FSL BOBreak out from INHS & Rising Wedge Pattern
Long entry possible
Might test 45/48/52 Levels
Just for learning purpose
FSL breakout given. FSL breakout given.
Target 1 - 48-50. SL 39.6. Time frame: 1-2 weeks
Target 2 - 54-55. Time frame: 1-2 weeks post target 1
fsl at buy zone.. start buying slowly below 40buy slowly fsl below 40. and keep averaging with downfall till 37.50 rupees. good luck
First Source is good buy for Target 64, medium termMedium Term good Buy in range of 56-53, Stop loss 47.50, Hold for next 2-3 months, Target 61.50 & 64.50
At breakout pointFsl at breakout point, can give good move if open and sustain above 54.
Only for study purpose, please do ur own analysis before entering.
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.
