About Stock: FDC is a SmallCap company with a market cap of ₹5,683 cr. It is a pharmaceutical company engaged in manufacture of specialized formulations, and oral rehydration salts (ORS).
Trade Setup: On Nov 6, stock has taken support at 89 SMA. It is also trading avove 200 SMA. Momentum Indicator RSI has turned direction and an early entry around 332-335 will...
Don't exit the trade just because the downtrend has ended. The pharma sector looks in pain but soon it will recover and this stock will give you good returns if you are holding it.
I have marked next buying levels, you may average at next support and then take the exit from the trade at least with some profit.
After the downfall stock is continuously giving positive move and there is strong upside move.
It is facing resistance to hold above 255 level but soon breakout possible if you catch it on lower trend line grab it.
Buy @250 - 255
Target 1- 260
Target 2- 265
This trade is given for short term(Swing traders)