The near-term outlook is bullish for FDC. The share worth has surged over 7 per cent within the final couple of days. This rise has taken the inventory nicely above the important thing intermediate resistance stage of ₹490. The area between ₹495 and ₹490 will now act as a great assist zone and restrict the draw back in case there’s dip. FDC share worth can rise additional to ₹525-₹530 in per week or two. If the present momentum sustains, this rise may also occur a lot earlier. Merchants can go lengthy now at ₹507. Accumulate on dips at ₹497. Hold the stop-loss at ₹488 initially. Path the stop-loss as much as ₹511 as quickly because the inventory strikes as much as ₹517. Transfer the stop-loss additional as much as ₹522 when the worth touches ₹526. Exit the lengthy positions at ₹530.
(Notice: The suggestions are based mostly on technical evaluation. There may be danger of loss in buying and selling.)
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