Amazing breakout on WEEKLY Timeframe - FSLCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL.
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
FSL trade ideas
Firstsource solution 1 day chart suggesting bullish breakoutFirstsource sloution is looking in the uptrend .
Trendline is forming from 300 price levels to 360 . suggesting uptrend
Volume is Supporting in this uptrend .
RSI momentum is showing with breakout today. Signaling bullish momentum.
If price closed above 388 on daily chart further bullish Moment can be expected .
If price closed below 355 which is previous swing low on daily chart further bearish Moment can be expected .
50 SMA Rising - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks.
Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Firstsource Solutions Ltd for Intraday 25th October #FSL Firstsource Solutions Ltd for Intraday 25th October #FSL
Resistance 335. Watching above 336 for upside movement...
Support area 330-328. Below 328-330 ignoring upside momentum for intraday
Support 330-328.Watching below 327 for downside movement...
Resistance area 335
Above 335 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
FSL S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Darvas Box Strategy - Break out StockDisclaimer: I am Not SEBI Register adviser, please take advise from your financial adviser before investing in any stocks.
Stock has given break out buy above the High and do not forget to keep stop loss best suitable for swing trading.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Firstsource Solutions Ltd
PREVIOUS CHART :
TARGET MENTIONED AND NEW STOPLOSS MENTIONED
FUNDAMENTALS
Market Cap
₹ 14,783 Cr.
Current Price
₹ 210
High / Low
₹ 217 / 101
Stock P/E
26.8
Book Value
₹ 52.2
Dividend Yield
1.67 %
ROCE
15.1 %
ROE
16.0 %
Face Value
₹ 10.0
Promoter holding
53.7 %
EPS last year
₹ 7.33
EPS latest quarter
₹ 1.80
Debt
₹ 1,515 Cr.
Pledged percentage
0.00 %
Net CF
₹ 68.7 Cr.
Price to Cash Flow
18.6
Free Cash Flow
₹ 744 Cr.
Debt to equity
0.41
OPM last year
14.2 %
OPM 5Year
15.6 %
Reserves
₹ 2,973 Cr.
Price to book value
4.02
Int Coverage
8.24
PEG Ratio
2.76
Price to Sales
2.41
Sales growth 3Years
13.7 %
Return on assets
9.15 %
FSL - Weekly Chart Analysis It's a probable low cheat entry. So consider taking pilot position.
Stock was in a consolidation after a down trend and formed a base its a base of almost 12-13 months.
Down week volumes were more then up ones. And now its the opposite. Volumes were contracted and dried up.
From may23 we can see some volume spurts. Next test levels shall be175-180 if current levels are sustained.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Firstsource Solutions LtdSTOP LOSS AND TARGETS MENTIONED IN CHART
Business Verticals FY23
Digitally Empowered Customer Experience (DECX) (~49%)
Intelligent Back Office (~30% )
Platforms, Automation & Analytics (21%)
FUNDAMENTALS
Market Cap
₹ 9,325 Cr.
Current Price
₹ 133
Stock P/E
18.3
Book Value
₹ 48.0
Dividend Yield
2.64 %
ROCE
15.1 %
ROE
16.0 %
Face Value
₹ 10.0
Promoter holding
53.7 %
EPS last year
₹ 7.33
EPS latest quarter
₹ 2.02
Debt
₹ 1,393 Cr.
Pledged percentage
0.00 %
Net CF
₹ 68.7 Cr.
Price to Cash Flow
11.7
Free Cash Flow
₹ 744 Cr.
Debt to equity
0.41
OPM last year
14.2 %
OPM 5Year
15.6 %
Reserves
₹ 2,670 Cr.
Price to book value
2.76
Int Coverage
6.54
PEG Ratio
1.88