The short-term outlook is bullish for FDC. The inventory surged over 5 per cent on Wednesday and has closed on a robust observe. This rise has taken the inventory very properly above the important thing intermediate resistance degree of ₹400. The area between ₹402 and ₹396 will likely be a really sturdy assist for now. Intermediate dips are more likely to get contemporary consumers on this assist zone. That may help in limiting the draw back for the inventory.
FDC share worth can rise to ₹450-460 over the subsequent three-four weeks. Brief-term merchants should purchase FDC now. Accumulate on dips at ₹405. Hold a stop-loss at ₹388 initially. Path the stop-loss as much as ₹415 as quickly because the inventory strikes as much as ₹425. Transfer the stop-loss additional as much as ₹435 when the value touches ₹445. Exit the lengthy positions at ₹455.
(Word: The suggestions are primarily based on technical evaluation. There may be threat of loss in buying and selling.)
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