FSL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Firstsource Solutions Ltd (FSL)

📈 Trend Analysis

Current Price (₹374) is above both 50-DMA (₹361) and 200-DMA (₹347) — indicating a bullish trend.

52-week Index at 68.2% suggests the stock is in the upper-middle range of its yearly band (₹270–₹423), showing positive recovery.

Trend Status: Trending upward, with signs of sustained momentum.

🔍 Momentum Indicators

RSI (59.2): In the bullish zone, but not yet overbought — indicates healthy momentum.

MACD (2.79): Positive — confirms bullish crossover, though not aggressively strong.

Volume: At 10.8L, above 1-week average (8.2L) — suggests accumulation and breakout interest.

📊 Chart Patterns & Moving Averages

Golden Cross: Price above both 50-DMA and 200-DMA — a bullish signal.

Support Levels

₹361 (50-DMA)

₹347 (200-DMA)

₹330 (recent swing low)

Resistance Levels

₹390–₹400 (recent top zone)

₹423 (52-week high)

📉 Bollinger Bands

Price is likely near the upper band, indicating short-term overextension.

Bands are expanding, suggesting volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 360–365 Near 50-DMA and support zone

Exit (Short-Term) 390–410 Resistance zone, potential reversal

Stop Loss 345 Below 200-DMA and trendline

🧭 Summary

Trend: Bullish

Momentum: Moderate and strengthening

Volatility: Expanding, with breakout potential

Ideal Strategy: Accumulate near ₹360–₹365 with target ₹390–₹410. Monitor RSI for signs of exhaustion and volume for confirmation.

Would you like to explore how this setup compares with other mid-cap IT or outsourcing stocks for broader positioning?

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