Description
⋅ Buy FDC at current levels of 290-300, as it has given a breakout of Inverse H&S pattern on weekly chart, that results in target of Rs390-400.
Moreover the stock has given closing at highest levels on weekly & monthly charts, with very good volumes.
FDC has been performing very well on growth and profitability. Further, the co has over 700cr surplus cash on books.
Last year it had done a buyback at Rs350/ share.