FDC LTD is showing VCP set up with drop in 1st contraction (-35%) 2nd drop is (-15%) and 3rd one is (-8%) which makes it a good VCP setup. The stock is also trending above its 200 and 50 MA indicating a decent momentum in the stock.
Disclaimer: I'm not a SEBI certified financial advisor and this is not a stock recommendation. This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Trade active
Crossed the INR 255 - shooting for a break out
Trade closed: target reached
Broke out as expected - Made an intraday high of INR 278.90 from INR 255. Target reached.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.