FDC trade ideas
Bullish breakout of #FDCFDC breaking out of an Inverse Head and shoulder pattern above 370. The target price for the stock is the difference between neckline(370) and low of the head(255) i.e. 370-255=115. So our target comes at 370+115=485. NSE:FDC
BUYCONSOLIDATING IN A BROADER CHANNEL
HIGH VOLUME BARS IN PAST FEW DAYS
STRONG STRUCTURE
STRONG FUNDAMENTALS
CHEAP TO BUY
FDC Ltd - Cup and Handle breakout pattern- Fundamentally good stock with good results
- Cup and Handle pattern supported by volumes
- Breakout pattern
- Stock might correct to 320 levels as Relative strength index shows 77, and then might gain momentum again
READY TO RACE💕Best Opportunity For Swing Traders💕
Level Mentioned On Chart.
After Consolidation Stock Is Ready For Go
Follow For More Updates @prasanna09
📌Key Highlights:
🔺BO On Daily Time Frame
🔺Channel BO
🔺Dynamic Support and Resistance
🔺Vol. BO
🔺Tgt 340+,Keep sl 308
FDC Positional View !!!FDC : cmp : 312.65
A C & H kind of pattern has been formed in Weekly chart and BO possible above 320.
Stock from current lvl might move towards 480.
Short term TGT 369
Positional Sl 274 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
READY TO RACE🏁Best Opportunity For Swing Traders💕
After Consolidation Stock Is Ready For Go
TGT🎯 331-335, SL 300
Follow For More Updates @prasanna09
📌Key Highlights:
🔺BO On Daily Time Frame
🔺 Channel BO
🔺Vol. BO
🔺 Psychology
FDC Breakout on Daily ChartTrendline is broken upwards and Stock looks good to move more in upward direction
Target :- 330
FDC : RSI Divergence and falling wedgeAll levels are mentioned on the chart.
Please consult your financial advisor before making any bet.
#FDCCrossing 309 with strength easily leads towards 325.40
Crossing 325.40 - 328.90 leads towards 340 / 345
FDC Channel PatternFDC Channel Pattern,
Recommending to hold for 2-3 months.
FDC have very good Forecast rating and have good technical side.
FDC - Price Action - RSI - MAIf follows uptrend can break levels of 360+. RSI crossed 30 levels. If breaks trend line downwards can touch 275. Keep watch. Company is Known for Manufacturing Electrolyte and many other known brands.
Rounding Bottom breakout in FDCMultiple factors pointing this stock for good long term bet:
1. Rounding bottom breakout & retested the support
2. Accumulation phase with very high volumes
3. NiftyPharma is in the flavour for long term due to COVID
4. Poised to make new highs
5. Big targets from here
