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
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.
Comment:
Made a high of INR 296 yesterday