The short-term outlook is bullish for Firstsource Options. The inventory has begun the week on optimistic notice by rising over 4 per cent. This rise signifies that the up transfer could possibly be gaining momentum. Shifting common cross over on the day by day chart additionally strengthens the bullish case. Robust assist is now within the ₹206-203 area which may restrict the draw back. Intermediate dips under ₹210 will see contemporary patrons coming into the market round ₹206.
Firstsource Options share worth can rise to ₹235-₹240 within the coming weeks. Merchants can go lengthy now at ₹214. Accumulate on dips at ₹208. Maintain the stop-loss at ₹198. Path the stop-loss as much as ₹220 as quickly because the inventory strikes as much as ₹224. Transfer the stop-loss additional as much as ₹227 when the worth touches ₹231. Exit the lengthy positions at ₹235.
(Be aware: The suggestions are based mostly on technical evaluation. There’s threat of loss in buying and selling.)
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