FSL trade ideas
FSLFSL
1) Trading in inverse H&S pattern
2) can go long after a neckline breakout (178.50)
3) targets 188 & 196
FSL IN DAILY TIME FRAME DEMAND ZONEFSL looks good buy around CMP 176-178 as the price touched the Demand Zone of 167-162 and now showing strength to go up as higher volume in green candle of 16/11/2021 compared to previous red candle volume. Today the price took out previous day high of 177.30 and sustaining above it. A stoploss of 166 and a tgt of 186 and 196 looks likely.
Alert Wait and watchSL 165
TG 170-185-200-210-221
Wait for the buy conformation either morning start or three soldiers.
FSL - buy at support
buy from 159 to 156,
easy tg - 166
tg2 - 170
Disclaimer : This is my personal analysis for study purpose not intended for trading
Symmetrical triangle !!After making new ATH in July 21, stock has been consolidating in the range between 180-220 levels, for almost 4 months. Symmetrical triangle pattern has been formed on weekly chart.
Results are yet to be announced in next week.
Now one can consider long position at CMP or any close above upper-trendline on daily CB, with SL 180 on weekly CB for short to medium term target of 240-244 (20-22%) and 280+ (40%) as long term target.
Kindly do your analysis before initiating trade.
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 | 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
