FDC is on a bull run after company's announcement of buyback @Rs.450/sh , the stock has shown massive growth technically respecting its narrowing upside wedge , the question now is that will it be able to give a breakout above its 5year divergent channel or will show resistance around 425 which has been indicated in my chart using trend lines NSE:FDC
CLEAR WEEKLY BREAKOUT IN MONTHLY EOD CHART
TK cross over ichimoku cloud break out MACD cross over TGT 295 SL 270
FDC breakout above Feb & Jan high with volume, closing at day high. There is resistance at 311, crossing above there could be big move. SL 254
Head and shoulder multibagger pattern
FDC CMP 305 TARGET 360 PLUS STOP 275 Weekly chart 1) Stock has cleared previous reistance with huge volumes. 2) Stock has had a long consolidation W pattern spanning several months, the range of which has been convincingly broken out. 3) Stock has the potential to move towards 360 plus in the coming weeks time.