FDC Ltd on a daily chart stock price is making
higher high and higher low pattern with increase in volume, indicate positive
outlook. Stock price was trading in a range bound (Rs. 199 to Rs.174) from last
seven months, yesterday price has breached the level on upside, indicate rally
will only continue towards north.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor
can accumulate for the target of Rs.236/248 level, with Rs.182 stop
loss on closing basis.
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