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 trade ideas
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.
Bull Flag In Firstsource Solutions-Stock in uptrend and has good momentum.
-Stock consolidating nicely on low volume after rapid rise.
-A nice bull flag has formed.
-A close above 72.5 should see the stock soar higher.
Not an investment advice. Do your own due diligence. Not invested.
long term brkout in fslMajor brkout has happen is fsl @50
can move till 88 for long term view
wit sl of 38
fsl- cup and handle breakoutstock is breaking out of cup and handle pattern . accumulate for the target of 90
short term trader can make long position for 54 target
Bearish Divergence In FSLA mild Divergence is showing in FSL. it may retrace to 56 near the 50Ma support and continue its ascent.
RSI is near 80 ,the last 3 candles are showing wicks which is sign of slowing volume.
waiting for the 50 ma support.
First Source Solutions#breakout
If nifty breaks out of the channel of last month tomorrow, could be a good stock to own.
FSL in Up trend and took support @ 38.2 % fibo support FSL in Up trend and took support @ 38.2 % fibo support . Trend may turn bearish below 40.8
Long term Buy ----- FSl Buy at trendline support.Monthly chart of FSL price at lower trendline support.Stock can be bought keeping longer lerm view.May Consolidate here for some more time & could breaout thereafter.Last 3 year range 30-50. So one can expect to test 50 if 30 not broken.& then if 50-54 broken Stock may test upper trendline of the channel.It is buy & hold stock.Stoploss of 30 can do.
Long @ CMP 37Todays high volume and change in % change in price is good sign in coming sessions. Long position @ CMP 37 with SL 31 With target 42 & 49
fsl.w , cup and handle patternfrnds fsl making a cup and handle pattern in a weekly and monthly chart pattern for a trgt price of 64-74 time horizon 4 to 5 month
FSL ,w,longfsl making a cup and handle pattern in weekly and monthly pattern for target price of 64 to 74 for long term with +macd cross over
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
