HEAD AND SHOULDER, CUP & HANDLEMULTIPLE TIME CONFIRMATION
1W - Head and shoulder, Cup & handle
1M - Flag & Pole Pattern
FSL trade ideas
Trading Idea For FSL.Inverted Head and Shoulder Bullish Chart Pattern Formed.
Breakout is given in weekly timeframe and even retested the levels.
Tenatative 57%gains seen.
FIRST SOURCE SOLUTION WEEKLYKey Takeaways-
1. After breaking out of its cup and handle pattern with a good volume, the stock retested its
previous resistance.
2. The stock is currently trading near its previous high ready for an upmove.
3. The depth of the cup pattern can be considered as the possible target for the stock.
Disclaimer- This is not a buy recommendation and is only to be considered for study purposes.
buy above 242 for a target of 378Rounding bottom breakout . if it sustains above242 . buy in small chunks and accumulate after retest ( pyramid) for a target of 378
FSLIndustry: Business Process Management (BPM) and outsourcing
Founded: 2001
Headquarters: Mumbai, India
Parent Company: RP-Sanjiv Goenka Group
Stock Exchange: Listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE)
Ticker Symbol: FSL
FSL BULLISH BREAKOUTIts a up flag breakout. Breakout is happened after a long consolidation with huge volume.
@FIRSTSOURCE SOLUTION Swing/short Term Trade@FIRSTSOURCE SOLUTION
Entry Above : @204.
SL Below : @195.
Targets : @207.5 , @215 ,@224 ,@228 ,@261.
If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL.
Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only , we are not SEBI Registered . Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made.
Like, Comment & Share
CATCH THE BUS AGAIN.If you missed the bus in NSE:FSL during the previous breakout, time to catch it again. Primary targets were achieved in last move, over 10% gains. Stock is back at the support levels and this time we may see the awaited WEEKLY breakout now which failed in last attempt.
DAILY BREAKOUT ACHIEVED. MORE EXPECTED.NSE:FSL Daily breakout was successfully completed and even broke the weekly breakout level but selling kicked in and it was obvious it'll face some resistance there, now expecting a re-test and then weekly breakout further.
Getting a lot of SPAM calls? Time to grab this BPO stock. NSE:FSL
Strong fundamentals and promoter group backing this.
Two breakouts awaited in line now, daily and weekly on bigger time frame.
Rounding bottom pattern with strong momentum📈 FSL
✅ Rounding bottom pattern
✅ increase in FII holding
✅ Revenue increasing better than peers
✅ Overall fundamentals are good and over performed peers in last few years
FSL Ascending Triangle Pattern already breakout trg opens for long.
respect Sl
Company has been maintaining a healthy dividend payout of 50.2%
.If You LIKE MY Idea …please…Boost its for motivation for study .
for MORE check in my TradingView ID
“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
Rounding bottom pattern in FSL currently in very strong zone📈 FSL @220
✅Cmp 216 enter above 220 only
✅ Rounding bottom pattern
✅ increase in FII holding
✅ Revenue increasing better than peers
✅ Overall fundamentals are good and over performed peers in last few years
FSL analysisFSL on weekly timeframe has given a good 5 weeks of inside candle consolidation breakout with volumes, The breakout has also been above a counter trendline (previously a support trendline in lower high formation during correction, and breakdown in Feb'22).
On daily time frame, FSL is trading in a range since last 180-190 sessions and has first time given a decent closing above 200 ema with volumes. This 200 ema breakout has happened on daily timeframe first time since Dec 2021.
On 4 hour timeframe, it has given a rounding bottom breakout with volumes.
Overall, structure is suggesting early signs of reversal for now. Keep it watchlist for a swing momentum trade.
#FSL (Weekly)⚡️Low Debt
⚡️DIIs increasing stake
⚡️Multiyear/ATH Breakout expected
⚡️1150% return from Mar 20 to Jul 21
⚡️Sideways since Jul 21
⚡️2.5 Years Long Base
⚡️Rounding Bottom Pattern
🔴 SL 190
🟡 CMP 200
🟢 TGT 220/250/300
FSL Moving in a channelTrand reversal in IT Sector can change the difference.
Chart is Self Explanatory
This is for Educational Purpose
A PERFECT EXAMPLE OF CUP AND HANDLE PATTERN ON FSL STOCKWhat is the cup pattern?
Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout.
How to trade ?
The buy point occurs when the stock breaks out or moves upward through the old point of resistance
the volumes are also increasing mean its ready to break the cup
BUY FSL 127FSL, Firstsource Ltd , 127 has given breakout on daily charts with highest volumes in last 2 years. This mid cap stock is looking now bullish for at least 25% returns with target of 160 to 180. Invalid below 115 on two day closing. This is price volume action
Firstsource Solutions LimitedFirstsource Solutions Limited
Super Breakout stocks
you can find which stock is forming bottleneck pattern and Super breakout is possible.
FSL ROUNDING BOTTOM BREAKOUTFSL rounding bottom breakout on
#weekly chart with huge volume
near #target can be 240
EDUCATIONAL IDEA
