FSL trade ideas
FSL is making triangle pattern breakoutit has making triangle pattern breakout at 102 and come to retest which is good to accumulate add it at 100 and till add till-88 for a target of 115-125-130 sl-87 if it breaks then exit and if it come below
100rs or more then i.e good chance to accumulate.
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FSL getting ready for breakout, Go LongFSL got support at 98. Price is getting quizzed, ready for break out. Go long !
FSL ..LOOKING BULLISH ON CHARTAfter hitting 52 week high stock consolidated for more than 1.5 month...today volume expansion along with price seen..if crosses 104 level then 120- 125 can be target in coming days.
FSL the stock has moved in the all-time high zone, the rsi is poised well, once the stock starts trading above all-time high 93.20. we may see the next stage of an uptrend in the stock.
FSL - Long for Swing TradeRange breakout and looking bullish
Buy - 58 to 59
Target - 61, 64
SL - 54.25
FSL LongFSL has quickly moved up in couple of sessions
Looking Strong can buy if it sustains 60s level for Target of 80 90
Stop loss 52 level on closing basis
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
A very good stock to trade on BrexitNice setup can be observed on FSL can buy at current level good luck and always use stop loss
FSL - AnalysisMonthly is still bullish (black line) and weekly is trending down. Currently weekly is retracing towards the red line. Once price hits the red line, I am anticipating a volatile move towards the black line. If market bounces off the black line and hourly shows HH/HL then that would be appropriate time to enter long. A wait of at least 2 weeks. If an entry can be identified using black line as the stop then the stock can be held for many months with out getting stopped out.
Medium Term Buy on FirstSource Solutions Ltd.FirstSource Solutions Ltd. is Buy with a target of Rs. 66 and Stop Loss placed at Rs. 42.
On Technical Charts FSL has created double bottom at 46-47 levels with hammer and one white soldier pattern and follow up buying also confirmed its bullish reversal.
So one can buy FSL at current levels with stop loss suggested for a period of 3-4 months of positional call.
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