A small-cap company Firstsource Ltd.(FSL) is looking promising on charts. The stock on Friday managed to crossed double top of 40.6 - 40.75 and also managed to cross 200 daily SMA. Technical targets of that comes around 43-45.
On monthly charts FSL is now trading 5 months SMA (39.43) and stock is also trading the mid-line of Bollinger band and upper band of that is around 49. So from 41 to 49 it is around 20%.
Disclosure: I am not a SEBI certified analyst so please take your own decision before acting on this post. Further i do hold this stock in my portfolio.
On monthly charts FSL is now trading 5 months SMA (39.43) and stock is also trading the mid-line of Bollinger band and upper band of that is around 49. So from 41 to 49 it is around 20%.
Disclosure: I am not a SEBI certified analyst so please take your own decision before acting on this post. Further i do hold this stock in my portfolio.
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