Buy FDCAbout 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 give an edge.
Buy Zone: 332-335
SL: StopLoss - 314, Trail 1:1
Target: Target1=342, Target2=351 Target 3=380
Imp:
1. Trading requires more than technical analysis. e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Disclaimer: This is for demonstration and educational purpose only.
