FSL Ready for Action: Breakout Looms with Key Levels to Watch
Bullish breakout above ₹322.45
Bearish breakout level: ₹300.75
Upside target: ₹344.50
Support levels: ₹275.05 and ₹237.08
Keep an eye on these levels for a potential breakout.
FSL
FSL Breakout Trade SetupThe stock has broken above a significant resistance level, indicating a potential bullish trend. Set your trade with the following parameters:
SL: 224
TP: 260
#FSL 226 TGT 265 #stocks #equity #fintech #invest #trade #NIFTYFSL 226
TGT 265
TF < 6M
NSE:FSL
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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
FSL 2 year long rounding bottomnBreakoutFSL has shown a rounding bottom breakout on weekly chart.
After a up trend it was in long consolidation rounding bottom
First Source Limited (Swing):FSL (Swing):
A 75-90% up move is on the cards for swing.
Keep adding in chunks while script falls back to support or demand zone around 120-135.
Appropriate support, demand zone, resistance and targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
FSL Sell for intraday tradingFSL Sell for intraday trading if stock break the given support level..........
FSL looking solid after long consolidation period. FSL CMP: 108.90
Firstsource Solutions Ltd. is a company that provides digital platforms, automations, analytics and they are also into design and advisory. Its CMP 108.9. The negative aspects are that MFs decreased their stake in the firm recently. On the other hand, positives of FSL are that their net cash flow is improving, the company has low debt and foreign institutions are increasing their stake. Entry in the stock can be taken after closing above 109.90. The targets will be 114 and 119.
Long term target in the company will be 128 and 150. The company is coming out of solid consolidation and the stop loss can be maintained at closing below 100.
FSL Inverse head and shoulder breakoutFSL broken resistance trendline with volume.
It is also making inverse head and shoulder.
Can long above 112 for tagets of 115, 120, 125, 130, 135
SL below 103 on closing basis.
Risk/Reward 1:2
Pl like and follow.
-Saptarish Trading
Firstsource Solutions Ltd Trend AnalysisA clear bear flag formation with strong divergence in RSI shows the downtrend will continue.
Best level to accumulate is around 70-85 highlighted at golden zone.
Medium term swing target should be around 190 (150 % ROI)
Long term positional target should be beyond 380 (400 % ROI)
Kindly do your due diligence before investing in this small cap company.
Peace!!
FSL brokeout from triangle1. RSI taken support at 40 in daily time frame
2. brokout out from triangle
3. retested fib 2nd level
Buy FSL Buy Firstsource solution above 208 for the First target 224 with stop loss below 198 on closing bases
Disclaimer : Only for educational purposes please do your own analysis before investing your hard-earned money.
First source solution - swing trade - long positionBuy at CMP (For educational purposes only)
TGT 1 - 205
TGT 2 - 235
SL - 179
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.
like my work and follow me for more stocks.
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.
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.
FSL Day Trade Retest Gap (Brad Reed Mar2,2015)FSL expected to open at 39.52 for a Retest Gap. Might make a good swing trade too. To learn to trade this strategy for free go to www.RealLifeTrading.com
