Firstsource Solutions Ltd. – Emerging out of consolidation

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The stock is emerging out of consolidation on a daily chart. The key level is 390, above which we can see a momentum on the upside with an initial target of 20-25% for swing/positional trade.

Stop loss can be kept between 5-8%, based on one’s risk appetite.

Note: Not a buy/sell recommendation. Please consult your advisor

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