Firstsource Solutions Ltd. is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. It also gave positive signal from the rectangle formation at the break up through the resistance at 110.
Further rise to 129 or more is signaled. The stock has broken a resistance level and given a positive signal for the long-term trading range. The stock has broken up through resistance at rupee 112. This predicts a further rise. Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the stock.
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RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The stock is overall assessed as technically positive for the medium long term.
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