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%...
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...
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...
