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
FSL trade ideas
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
