Firstsource Solutions Limited
Firstsource Solutions Limited is expanding and setting new records, it seems like a wise long-term investment.
Please review and comprehend the daily chart for Firstsource Solutions Limited. Firstsource Solutions Limited, which has so far performed exceptionally well, is a wise investment in the 340–350 zone, which it enters at any drop, according to the chart. It also provides numerous opportunities for growth.
Please refer to Firstsource Solutions Limited's daily chart. After exiting the 340–350 zone, the stock is now gaining swiftly and trading above horizontal resistance. The study indicates that there is now a considerable demand at 345 levels. The anticipated upward open range, which falls between 490 and 500, is depicted in the chart below.
- After making a big breakthrough in the 340–350 zone, Firstsource Solutions Limited grew and is now a fantastic long-term investment opportunity.
- Due to its strategic location, Firstsource Solutions Limited may be able to expand and achieve its objectives between 490 and 500.
- The best time to purchase the stock is now, when it is between 340 and 350, because the risk-reward ratio is suitable for cash transactions.
- With a target price between 490 and 500, the chart indicates that the stock is emerging from an ascending triangle formation.
Please find attached the daily chart for Firstsource Solutions Limited. Demand is shown on the daily chart between 340 and 350, where there is horizontal resistance and an upward breakthrough. The rising demand is reflected in the stock price.
Considering the stock's recent top, this appears to be a good time to buy it at the current price. As a result, keep an eye out for the horizontal resistance breaking. The demand has grown as of this writing and may eventually approach the predicted range of 490–500.
The present objectives of Firstsource Solutions Limited range from 490 to 500. The organization's structural foundation was the rising triangle. In technical analysis, the rising triangle is a frequently utilized chart pattern. A rising trend line and a horizontal line are the results of price changes at the swing high and low, respectively. A triangle is formed by these two lines.
Investors may be looking for long-term purchasing opportunities in the 340–350 zone due to the high demand for the stock. Because of its remarkable risk-reward profile, this company should see a boost in value during market downturns. Take advantage of the chance to purchase this stock. Invest in this company; it has a lot of potential, even in recessions.
Rich investors can purchase as much stock as they require, try to sell it between 490 and 500, and put a stop loss at roughly 305.
If there is no price movement before a noticeable increase, the stock or instrument may rise rapidly on the upside with high volume and surpass the objective. The volatility contraction patterns, or VCPs, continue to be of interest to traders and investors. Visit our website or get the Fx Careers app from the Google Play Store to learn more about VCP patterns. We also offer accurate pattern recognition.
Firstsource Solutions Limited's daily chart displays both support and resistance. Every level is displayed on the spot chart.
|
Firstsource Solutions |
Support |
Resistance |
|
Level 1 |
340 |
490 |
|
Level 2 |
305 |
500 |
Company Profile: The Indian business process management firm Firstsource Solutions Limited has its main office in Mumbai. A company called RP-Sanjiv Goenka Group owns it.
In the fields of banking and financial services, customer service, media and telecommunications, and healthcare, Firstsource offers business process management. Financial services, telecommunications, and healthcare firms are among its clientele. Firstsource has operations in the Philippines, the US, the UK, and India.
The business has been listed since 2007 on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). Revenues from Firstsource was INR 50.8 billion (US$670 million) in 2021.
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