FSL: Looking good for 250FSL has formed a cup and handle pattern on the weekly chart. A target of 250 is on the cards in the next few sessions, with a day closure below 192 as stop-loss.
FSL trade ideas
FSL | Trendline support inside the Channel - Looks good for 12%FSL | Trendline support inside the Channel - Looks good for 12%
CMP : 203
SL : 193
Target : 225, 235
1:2+ risk reward setup
fsl bullishsymetrical triangle brekout
one may go for all time high
investment and tradings are subject to market risk
may fsl give a perfect brekout to give handsome profitinvestment and trading are subjected to market risk
Regaining momentum - FSL11 week base
2T vcp
very neat and orderly volume contraction
break of upper trendline today with volume
pocket pivot today
SL - below 200 aggressive
below 190 conservative
TGT - open
Firstsource Solutions Ltd ( trend line break out )NSE:FSL
let see the price action = trend line break out
1 target =230
2 target = 240
stop loss =205
Traingle Pattern - Breakout ConfirmedFSL had been trading in a long term parallel channel and short term triangle pattern.
It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel.
It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart itself.
The RSI and MACD are also set up beautifully and the momentum seems good for some upside movement.
fsl near resistance level above that few more point chart levels show some resistance.
on its upmove if cross,
some few more point may come.
decide ur own.
ur risk.
FSL, confluence of multiple lines points to continued rally1. Bouncing off the lower median line of higher TF pitchfork and daily TF pitchfork
2. Break out and last kiss from down sloping trendline
3. higher than avg volumes
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
Trend Analysis - Support ReachedFSL seems to have reached its long term trend support and MACD seems positioned well too.
RSI is above 50 and bulls are in control.
It will be interesting to see if it breaks the trend here or goes on to continue it with an upside movement here
First Source Solution : A hidden gemFundamental Aspect:
First Source Solution is an IT company and has a decent market cap. The stock has been witnessing a huge volume since June. Just compare the size of red vol candles vs the green vol candles. FII's increased their shareholding in June quarter and promoter pledging is zero.
The debt to equity ratio is low. Also, the result season is around the corner and going by the previous quarters sales record the company is expected to do well.
Technical Aspect:
The stock is in momentum and after a sharp upside rally made a 28% correction from the high. It now seems to be ready for the next leg. Hovering at a crucial point, a sustainable break above this level would lead the stock towards next rally.
It is a positional bet.
Like I always say, read out the description to learn and not just to follow it blindly. Just look at the pointers mentioned while analysing this stock and start thinking on similar terms:) Trust me, this is the best way to learn.
The plan is to make everybody independent and not dependent:)
FSL Bullish View#FSL
Ascending Triangle Breakout about to happen.
Symmetrical Triangle Breakout(another way of looking at it).
Clear confluence can be seen...
Nice Volume Built up...
#FSL Cash : Looks good above 220.10#FSL Cash - Positional call
07.Oct 2021
Looks good above 220.10
stoploss 190
Target 270/320
Cmp 206.65
FSL : RANGE BREAKOUT FRESH BUY IN FSL
TGT - 240 & 250
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
FSL LONGReasons and indicators to buy:
-MACD Crossover
-RSI above 60
-Higher volume than the past 5 trading sessions
Up trend - consolidation betFSL has had huge upward trend. Right now in sideways phase. It might shoot upwards again. What do you think?
1st Target achieved in a week! 6% gainThe stock was given at 202 and it achieved the first target of 214 and now wait for 2nd target of 230. Stop-loss can be trailed to 198 now. HIT the like button if you liked my analysis and do FOLLOW.
FSL (TREND REVERSED)Trend reversed from downtrend to uptrend. This is perfect timing to take entry with small Stop loss for a handsome reward.
First Source Solution is in Great Shape!NSE:FSL is still rising beautifully in a long channel. It tested the trendline and strongly got BUYS coming in.
A clear Buy Opportunity in FSL
FSL IS GETTING READY TO FLY..................................FIRST SOURCE SOLUTIONS has given a triangle breakout.The stock is positive on monthly chart,weekly chart and daily chart. you can put S.L. near 170 or as per your risk appetite.it can give a massive move from current level.
