Price and trend forecast of FSL for Tomorrow, Weekly, Monthly
Firstsource Solutions Limited
Symbol: NSE:FSL
ISIN: INE684F01012
256.27
As on 2024-07-26
FSL's Today's Performance
Firstsource Solutions Limited started the day by opening at 249.35 today 2024-07-26. Its shares reached a high of 262.80 and dipped to a low of 246.05 in intraday. When the markets closed, FSL’s stock price settled at ₹256.27 per share. Also check out its key support and resistance levels.
FSL Buy/Sell Targets
Tomorrow, buy FSL when its price reaches ₹ 256.27 with a stop-loss order at ₹ 250.88. You can set the target price as ₹ 261.66 to capture potential gains. This buy 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 | 264 |
| Tomorrow Down Target 2 | 272 |
| Tomorrow Down Target 3 | 281 |
Important Levels for FSL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 247 |
| Tomorrow Up Target 2 | 238 |
| Tomorrow Up Target 3 | 231 |
Based on where the stock opens tomorrow, if FSL opens on a positive note, our first target will be ₹264. If Target 1 is achieved, we will aim for Target 2 which is ₹272.
But if FSL falls below the average value of ₹255.04, you can enter a sell side position with target number 1 - ₹247 and second target - ₹238 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 Increasing 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 Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for FSL is moderate bullish.
Tomorrow's Volume based share price Forecast for FSL
FSL's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -61%.
Reversal detection for FSL
FSL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹246 in morning tomorrow
| Target 1 tomorrow | 261 |
| Target 2 tomorrow | 265 |
| Target 3 tomorrow | 272 |
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 ₹264.03. If Target 1 is achieved, we will aim for Target 2 which is ₹271.79.
But if FSL falls below the average value of ₹255.04, you can enter a sell side position with target number 1 - ₹247.28 and second target - ₹238.29
FSL's Weekly Targets
| 1st Up Target | 270.51 |
| 2nd Up Target | 284.74 |
| 1st Down Target | 234.33 |
| 2nd Down Target | 212.38 |
As the week for FSL ended on bullish sentiments, we can expect further continuation of this sentiment. FSL's initial target will be 270.51 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 234.33 in the upcoming week.
Weekly OHLC Values
| Open | 244.50 |
| High | 262.80 |
| Low | 226.62 |
| Close | 256.27 |
Week for FSL started with an open price of 244.50, and the close was at 256.27. FSL reached the highest of 262.80 and dipped lowest up to 226.62 last week. This indicates a bullish sentiment for the week.
FSL full month swing targets
| Monthly Up Target 1 | 306.69 |
| Monthly Up Target 2 | 320.92 |
| Monthly Down Target 1 | 198.15 |
| Monthly Down Target 2 | 140.02 |
Targets of ₹306.69 can be expected to be reached in the coming month. Once FSL achieved this target, we can aim for the next upside target of ₹320.92.
FSL if fails to hold upside, down targets of ₹198.15 and ₹140.02 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
| Symbol | Name | Industry |
|---|---|---|
| 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 264.03 in tomorrow's trading session.
After achieving the initial target in FSL, we will aim for higher targets of 271.79 tomorrow.
However, if FSL starts to trade below ₹255.04, then we will shift our focus to the sell side and aim for down targets of 247.28 and 238.29.