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Price and trend forecast of FSL for Tomorrow, Weekly, Monthly

Firstsource Solutions Limited

Symbol: NSE:FSL

ISIN: INE684F01012

201.15

As on 2024-04-24

111.60 (52W Low) 221.50 (52W High)

FSL's Today's Performance

Firstsource Solutions Limited started the day by opening at 203.50 today 2024-04-24. Its shares reached a high of 205.40 and dipped to a low of 200.10 in intraday. When the markets closed, FSL’s stock price settled at ₹201.15 per share. Also check out its key support and resistance levels.

FSL Buy/Sell Targets

Tomorrow, sell FSL when its price reaches ₹ 201.15 with a stop-loss order at ₹ 203.58. You can set the target price as ₹ 198.73 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of FSL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for FSL

Downside Targets Value in ₹
Tomorrow Down Target 1 204
Tomorrow Down Target 2 208
Tomorrow Down Target 3 210

Important Levels for FSL

Holding Levels Value in ₹
Tomorrow Up Target 1 199
Tomorrow Up Target 2 197
Tomorrow Up Target 3 194
Based on where the stock opens tomorrow, if FSL opens on a positive note, our first target will be ₹204. If Target 1 is achieved, we will aim for Target 2 which is ₹208.

But if FSL falls below the average value of ₹202.22, you can enter a sell side position with target number 1 - ₹199 and second target - ₹197 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of FSL

Looking at FSL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, FSL has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for FSL is moderate bearish.

Tomorrow's Volume based share price Forecast for FSL

FSL's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -61%.

Reversal detection for FSL

Predicted trend chart of FSL tomorrow for price forecast
FSL may trend may continue to be bearish since stock is making lower low and we can get target of ₹202 in morning tomorrow
Target 1 tomorrow204
Target 2 tomorrow205
Target 3 tomorrow208
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with FSL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if FSL opens on a positive note, our first target will be ₹204.33. If Target 1 is achieved, we will aim for Target 2 which is ₹207.52.

But if FSL falls below the average value of ₹202.22, you can enter a sell side position with target number 1 - ₹199.03 and second target - ₹196.92

FSL's Weekly Targets
1st Up Target 205.35
2nd Up Target 209.55
1st Down Target 197.00
2nd Down Target 192.85

As the week for FSL ended on bullish sentiments, we can expect further continuation of this sentiment. FSL's initial target will be 205.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 197.00 in the upcoming week.

Weekly OHLC Values
Open 198.90
High 205.40
Low 197.05
Close 201.15

Week for FSL started with an open price of 198.90, and the close was at 201.15. FSL reached the highest of 205.40 and dipped lowest up to 197.05 last week. This indicates a bullish sentiment for the week.

FSL full month swing targets
Monthly Up Target 1 213.70
Monthly Up Target 2 217.90
Monthly Down Target 1 188.65
Monthly Down Target 2 176.15

Targets of ₹213.70 can be expected to be reached in the coming month. Once FSL achieved this target, we can aim for the next upside target of ₹217.90.

FSL if fails to hold upside, down targets of ₹188.65 and ₹176.15 can be achieved by end of this month.

For complete three weeks if FSL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as FSL

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TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

FSL is expected to reach the target of 204.33 in tomorrow's trading session.

After achieving the initial target in FSL, we will aim for higher targets of 207.52 tomorrow.

However, if FSL starts to trade below ₹202.22, then we will shift our focus to the sell side and aim for down targets of 199.03 and 196.92.