It would be good to see this break the trendline and then trade above it on weekly charts and then possibly make an entry once the weekly chart has closed above the trendline or if it has retested the trendline from the top. Currently shows an inverse head and shoulder pattern on the parallel channel resistance. Will it break the resistance? What do you think?
FDC LTD closed abv weekly resistance zone after retesting weekly resistance zone breakout with gud volume bar and strong bullish candle can play for swing trade with your prefered RR.
FDC is facing resistance after August 2023. If it breaks either we can go long or wait for it to retest. Or is on weekly timeframe so I may go long immediately instead of waiting for it to retest.
15% achievable.
Hello Friends,
I am in with a new trade.
FDC Ltd
They are a pharmaceuticals and consumer healthcare company dedicated almost a century to providing quality and affordable products.
Founded: 1936
Headquarters: India
Number of employees: 6,372 (2023)
Subsidiaries: FDC International Limited, Akhil Farma Limited, MORE
Financials are good, if you want more info...
FDC - Technicals looks good, respecting the bullish wedge, gave a breakout from double bottom pattern, price is available at support zone after retesting. CMP to 350 is a strong support zone. Stock price could be moving towards 420 and 470 in medium term. Company also recently announced buy back at 500 Rs.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
NSE:FDC
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss,...
NSE: FDC is closing with a bullish breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed...
