FSL trade ideas
wolf wave pattern in FSL1.) Possible (long) wolf wave pattern in FSL.
2.) Stock is in down trend since July 2021 and continuously making lower high and lower low.
3.) However, the recent price action is depictive of a possible wolf wave formation in FSL.
4.) Since the overall market sentiment is negative currently, long trade should be taken cautiously depending upon the conditions.
5.) major support and resistance levels are highlighted in the chart.
When will first solution Find its solution ? #FSLLast hope seems for this here than reversal till 175 and if not than below this last line should be next target .
Support around 114.
please refer to the chart.
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Pennant Pattern #Stay ahead #FSLHello, what I can discern is the Pennant pattern in 2h TF,
Here both sides' alternative is functional for Shorty Tf but still pushing the higher probability of that is more.
Will hit resistance on the upper barrier be cautious with that if it traverses and stays there then more rallying we will notice in this counter.
Right-angled descending broadening wedgeRight-angled descending broadening wedge is bullish reversal pattern stock took breakout few days ago and i am seeing a successful retest one can take trade and i can see ADX is showing momentum.
stoploss will be 167 or as per your risk appetite. Red zone is 1st target after that trail stoploss.
Take trade with your own analysis.
FIRST SOURCE SOLUTION DAILY CHART ANALYSIS AS ON 26.12.2021posted on 23.12.2021 FIRST SOURCE SOLUTION above 180 level and on 24.12.2021 the stock broke the resistance level 178 and closed at 183 for a target 190 level. Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.