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FIRSTSOURCE SOLUTIONS LTD.FIRSTSOURCE SOLUTIONS LTD.FIRSTSOURCE SOLUTIONS LTD.

FIRSTSOURCE SOLUTIONS LTD.

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FSL trade ideas

Med/Long term BUY - FSL heading for ATH after Volume breakout?Many technical parameters have indicated that Firstsource Solutions Ltd (FSL) could double from current levels of around 120-130 to at least 240 within 1 year. Multiple TA indicators have aligned together, including volume increase between 9May23 to 14Jul23. It is a medium to long term buying opportunity for upto 100% gains with a Stop Loss (SL) of 112 (15% risk). Also, FSL is a fundamentally sound company, with current Market Cap of ₹ 9,325 Cr. and: - Dividend payout of 47.5 % (yield of 2.64 %) - P/E 18.3 - Stock Face value - ₹ 10
NSE:FSLLong
by traderparag
1
Follow-Up Analysis on FSL: Confirmation of Pennant BreakoutBuilding upon the analysis conducted yesterday, it is observed that NSE:FSL stock has successfully experienced a breakout upside from the Pennant pattern. Today's price action has confirmed the Pennant pattern breakout, signaling a continuation of the prevailing uptrend. The breakout is characterized by a decisive move above the upper trendline of the Pennant, validating the technical analysis shared in the previous report. Target Projection: The target for this trade can be estimated by measuring the height of the pole formed before the Pennant pattern. The pole is the strong, vertical price movement that precedes the consolidation phase. To calculate the target, this measured distance is then added to the breakout point. To protect against adverse price movements, a strict stop-loss order should be implemented. The stop-loss level is determined based on the characteristics of the Pennant pattern and should be placed just below the lower trendline of the pattern.
NSE:FSLLong
by VanshikaUdeshi
2
FSL : PENNANT FORMATIONUptrend Observation: The first notable aspect of NSE:FSL stock is the sustained uptrend it has displayed over a significant period. This bullish movement is characterized by higher highs and higher lows, indicating a strong buying interest in the market. Identification of Pennant Pattern: A Pennant is a technical analysis pattern that resembles a small symmetrical triangle, often forming after a strong price movement. The Pennant is typically considered a continuation pattern, suggesting that after a brief consolidation period, the prevailing uptrend is likely to resume. Key Characteristics of a Pennant: Symmetrical Triangle: The Pennant pattern is characterized by converging trendlines, forming a symmetrical triangle. This indicates a temporary balance between buyers and sellers. Decreasing Volume: During the formation of the Pennant, there is often a decline in trading volume. This reflects a contraction in market activity as the stock consolidates. Duration: Pennants are generally short-term patterns, with the consolidation phase lasting anywhere from a few days to a few weeks. Traders and investors who recognize the Pennant pattern in NSE:FSL stock may consider implementing a trading strategy based on a breakout. The breakout occurs when the stock price breaches either the upper or lower trendline of the Pennant pattern. Long Position: A trader might take a long position if the stock breaks out above the upper trendline, signifying a potential continuation of the uptrend. Short Position: Conversely, a short position could be considered if the stock breaks below the lower trendline, suggesting a possible reversal or downtrend. Regardless of the chosen direction, implementing a sound risk management strategy is crucial. Setting a stop-loss order just outside the boundaries of the Pennant pattern can help mitigate potential losses in case the breakout does not follow through as expected.
NSE:FSL
by VanshikaUdeshi
FSL (FIRST SOURCE SOLUTION LIMITED) : Ready for a Swing📈 **Swing Trade Opportunity: FSL (FIRST SOURCE SOLUTION LIMITED)** 🚀 **BUY Entry:** 173 **Stop Loss:** 171 (based on hourly close) **Target:** 182 🎯 **Risk and Reward Ratio:** 1:4.69 💹 **Expected Profit:** 5.29% 📉 **Maximum Loss:** 1.13% Seize the opportunity with a carefully calculated risk-reward ratio. Monitor the trade closely for potential gains. Happy trading! 📊💼 #SwingTrade #FSL #TradingOpportunity
NSE:FSLLong
by LiveTradingBox
FSL For short term Analysis.1) Monthly – Moving up into RSI 60+ from oversold zone, reversed at Fibonacci retracement levels of 61.8% 2) Weekly – Uptrend, inside candle has formed. 3) Daily is in a range consolidation for the last 10 trading sessions. 4) 75 Minutes shows a solid compression, if the range breaks 150.30 and sustains for about 1 Hr + then one may consider going long till 160-165 range. Triangle patterns visible with solid support being taken at every fall, the lower range is being protected. 8-10% UPSIDE visible for an immediate swing purpose. All my views are for educational purpose only, Trade as per your risk. Happy trading!
NSE:FSLLong
by Rugminik
2
Beautiful UptrendThis Indian Stock Ticker FSL has constructed a textbook pattern for uptrend with a trending move, a perfect consolidation and then again a trending move. The investors would sit with the company for the trending move and the consolidation. However, the Swing traders would only sit for the trending move and exit the consolidation. They will invest their money in trending moves for other stocks during the consolidation period. Let me tell you that its not easy to do this kind of trading. It is much more comfortable to just sit in one stock for the lifetime and relax but if someone wants to generate alpha then they have to take extra efforts in learning and judging the trend to make informed decisions. Let me know what you think of this company and my views on Investing and Swing Trading.
NSE:FSL
by Jagrat_Mashru
Firstsource solutions ready to takeoff 🛫🛫After deep consolidation from highs of 240 yo lows of below 100...is now giving sign of trend reversal. Europe being hit by Russia Ukraine war has resulted into a collateral damage for FSL being significant revenue loss in Europe business. Withstanding the odds business has started to give green shoots again and improved results. The same can be seen in huge volume bars of accumulation at lower levels around sub 100s.. RSI divergence coupled with rounding bottom with increased volumes shows an upward movement till 150-175 in next 6-9months may be earlier. A bulling flag pattern is in pre-empt stage of making which can touch 150-55 by September
NSE:FSLLong
by robin-bull
1