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Firstsource

First Source On Wave 3 Turbo Boost? Disclosure: InvestedBeen tracking First Source for some time now. Had a tentative wave count (shown in the chart). The stock seems to have completed multi-year corrective structure (marked as A-B-C) The first hint that the correction is over came around mid-April as it went through the Rs. 40 level. This week it went through the crucial Rs. 55.35 level, further raising the odds that we are in a wave 3 formation. The rapid advance is also an indication of a possible wave 3 in it's early stages. If this wave count is correct we may be in early stages of a multi-year advance. While this may not be the ideal place to go long (if you aren't already) I anticipate that people looking for low risk entry points should get multiple such opportunities in the coming weeks Disc: Invested
NSE:FSLLong
by yash_utmani