First Source SolutionsFirst Source - Sell
Weak on Charts - Downtrend
1st Target - 187
2nd target - 176
Its had Good support at the above mentioned levels
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
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
