“Firstsource – Nearing Breakout from Supply Zone”

📊 Technical View 1️⃣ Price Action: CMP: ₹373.90 (+1.56%). The stock is knocking on the ₹375–380 resistance zone → a level it has tested multiple times since June 2025. Structure shows a higher low formation since early August → bullish bias building. 2️⃣ Volume Behavior: Volumes are picking up gradually near resistance. Suggests accumulation before a breakout. 3️⃣ Key Levels: Breakout Level: Above ₹380 → stock can rally towards ₹400–410 quickly. Support Zone: ₹355–360 → immediate cushion. Strong Support: ₹335 → 200 DMA zone, very crucial. 🚀 Learning Takeaway A stock repeatedly testing a resistance zone without major rejection → indicates supply absorption. Breakouts with volumes usually lead to momentum rallies.