MENU

Published on 4/05/2021 11:32:48 AM | Source: ICICI Direct

Stock Picks - Buy Firstsource Solutions Ltd For Target Rs.134.00 - ICICI Direct

Posted in Broking Firm Views - Short Term Report| #Trading Report #ICICI Direct #Firstsource Solutions Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Technical Observations

The stock has resumed its primary uptrend after higher base formation above 50 day EMA (currently at | 111) and is at the cusp of a breakout above the last six weeks range (|123-106) signalling strength and continuation of the up move thus offers fresh entry opportunity

We expect the stock to continue with its positive momentum and head towards | 134 levels in the coming weeks as it is the 161.8% external retracement of the previous decline (|115-84) placed around | 134 levels

The stock is seen rebounding after forming a higher base above 50 day EMA & rising demand line support joining lows of May 2020 (| 31) & December 2020 (| 67) highlighting strength and continuation of the up move

The up move on Monday’s session was supported by strong volume of double of the 200 days average volume of 45 lakhs share per day indicating larger participation in direction of the trend

The daily RSI has recently generated a buy signal thus validates positive bias

Buy Firstsource Solutions Limited  @ 116.00-119.00 TGT 134.00 SL 111.00

 

To Read Complete Report & Disclaimer Click Here

 

https://secure.icicidirect.com/Content/StaticData/Disclaimer.html

 

Above views are of the author and not of the website kindly read disclaimer

marsbahis marsbahis marsbahis marsbahis
1xbet 1xbet bahisno 1 bahsegel slot oyna ecopayz güvenilir bahis siteleri canlı bahis siteleri iddaa marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis restbet canlı skor süperbahis mobilbahis
bahigo bahis siteleri güvenilir bahis siteleri kaçak bahis siteleri betist