Clear strength in the IT sector and FSL has broken out on the weekly charts and once it crosses friday's high the momentum can take it to the levels of 165-170 positionally with 138 acting as a strong support on daily closing basis below which it will turn weak.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT...
First Source Solutions is a global provider of business process management services. The company offers wide range services in area of banking and financial services, telecommunications and media and the healthcare industry. The company has over 18,500 employees working across its 36 centres located at India, US, UK, Argentina and the Philippines.
From a...
BUY - FIRSTSOURCE SOLUTIONS LIMITED
CMP - Rs. 133
Target - 1: Rs. 178
Target - 2: Rs. 224
Target - 3: Rs. 300
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Technicals - Bullish Flag BO
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This is just a view by an expert analyst, please invest at your own risk.
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The Script is trading above the EMA currently showing good support level above 60days EMA.
It is also forming a cup pattern and likely to complete it without any issues. Has strong fundamentals.
FSL is fundamentally a good company and has its operations across the globe. Since it’s launch stock has given more than 37% return YTD. After making lifetime high, stock has fallen more than 60%. It has formed a rounding bottom on weekly chart and closed above the neckline with good volume and tested the same level.
On daily chart, stock has done positive price...
Scrip had made it's all-time high in July 2021. Now giving bullish reversal signals.
Technical Positives
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• 50 SMA crossed above 200 SMA which is known as Golden Cross over.
• Price has shown trend reversal and broke weekly bearish super tren'd and after consolidation, it started its upward journey
• It is making rounding bottom formation.
• It...
Trend reversal setup
breakout and retest done
buy at cmp
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
FSL stock was in a big consolidation for more than a year and has given a good breakout for the lower levels and stock is trading above its 200-day moving average and 100-day moving average. As the sector is turning up with good moves, the stock will give a good move of more than 60% and henceforth lifetime high.
