FSL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a detailed technical analysis of Firstsource Solutions Ltd (FSL) based on the data you provided and current market indicators

📉 Trend Overview

Current Price (₹330) is below both the 50 DMA (₹360) and 200 DMA (₹341), indicating a bearish trend.

RSI (27.9): Deep in the oversold zone, suggesting weak momentum but potential for a short-term bounce.

MACD (-9.45): Strongly negative, confirming downward momentum.

Volume (9.04L) is above average (6.62L), indicating active selling pressure.

📌 Conclusion: The stock is currently reversing from a previous uptrend and showing signs of weakness.

📊 Momentum Signals

Bollinger Bands: Price likely near the lower band, which may indicate oversold conditions and a possible technical rebound.

Support Zone: ₹310–₹320 (recent swing lows and psychological support)

Resistance Zone: ₹340–₹360 (200 DMA and 50 DMA)

🎯 Entry & Exit Strategy

Action Price Range (₹) Rationale

Buy Entry 310–320 Near support, oversold RSI

Target 1 340 200 DMA resistance

Target 2 360 50 DMA resistance

Stop Loss 300 Below recent swing low

📌 Additional Insights

PEG Ratio (12.8): Very high, suggesting overvaluation relative to earnings growth.

FII holding declined, while DII increased, indicating domestic optimism despite foreign caution.

Debt-to-equity (0.63): Moderate leverage—manageable but worth monitoring.

ROCE (15.4%) & ROE (15.0%): Healthy returns, supportive of long-term fundamentals.

Would you like me to chart this visually or compare it with another mid-cap IT services stock like Mphasis or Coforge? I can also help build a technical watchlist based on similar setups.

Edit in a page