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Stock Radar: Initiate sell on Firstsource Solutions for target of Rs 98-100, recommends Ruchit Jain

“Firstsource Solutions has been forming a Lower Top Lower Bottom structure and is thus in a downtrend. The 'RSI Smoothened' oscillator is indicating a negative momentum and with IT space showing an extended corrective phase, we expect this stock to continue its downtrend in the near term,” says Ruchit Jain, Lead – Research, 5paisa.com.

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