FDC LTD : BULLS MAKING THERE HOLD STRONGER !!
FDC Limited is a fully integrated research-oriented pharmaceutical company engaged in the manufacturing and marketing of Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs). FDC's formulation department designs and develops products for various global markets and the highly regulated markets of US and Europe.
The stock price of FDC Ltd is currently quoting around All time high zone which indicates strength in price.
Recently, the stock has registered decisive breakout from the overhead horizontal resistance line with formation of strong bullish candle which gives a hint of dominance of bulls over bears.
Moreover, the stock has been forming Higher Highs and Higher low post making a bottom in early 2019.
The highlighting point is the behaviour seen in volumes. The rise in Stock price has been backed by well supported volumes. With every rise in price, Volumes bars has got larger which indicates.participation by Big and strong player.
The stock had earlier made an attempt and witnessed breakout from similar zone but failed to hold on at higher levels and saw profit booking.
This can be considered a PERFECT SHAKEOUT EXAMPLE. Which defines weaker hands fading out of the stock and entry by Large players at lower levels which is bullish signal.
Also, momentum oscillator is complimenting bullish view on price.
Looking at price action and other evident this stock becomes a strong buy candidate for following months.
As per my analysis and understanding stock has more upside potential and every dips shall be utilised as buying opportunity.
The view holds true till price does not close below 265 levels.
FDC Limited is a fully integrated research-oriented pharmaceutical company engaged in the manufacturing and marketing of Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs). FDC's formulation department designs and develops products for various global markets and the highly regulated markets of US and Europe.
The stock price of FDC Ltd is currently quoting around All time high zone which indicates strength in price.
Recently, the stock has registered decisive breakout from the overhead horizontal resistance line with formation of strong bullish candle which gives a hint of dominance of bulls over bears.
Moreover, the stock has been forming Higher Highs and Higher low post making a bottom in early 2019.
The highlighting point is the behaviour seen in volumes. The rise in Stock price has been backed by well supported volumes. With every rise in price, Volumes bars has got larger which indicates.participation by Big and strong player.
The stock had earlier made an attempt and witnessed breakout from similar zone but failed to hold on at higher levels and saw profit booking.
This can be considered a PERFECT SHAKEOUT EXAMPLE. Which defines weaker hands fading out of the stock and entry by Large players at lower levels which is bullish signal.
Also, momentum oscillator is complimenting bullish view on price.
Looking at price action and other evident this stock becomes a strong buy candidate for following months.
As per my analysis and understanding stock has more upside potential and every dips shall be utilised as buying opportunity.
The view holds true till price does not close below 265 levels.
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| FDC Weeky chart (Click to Enlarge) |
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| FDC Weekly chart (Click to Enlarge) |
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Disc. The above shared analysis is solely my view as per my understanding and knowledge and for educational purpose. I will not be responsible for any loss or gain incurred.
Connect me on Twitter handle : @Rohanshah619
Disc. The above shared analysis is solely my view as per my understanding and knowledge and for educational purpose. I will not be responsible for any loss or gain incurred.
Is 265 weekly close or daily close ?
ReplyDeleteObviously weekly
ReplyDeleteExcellent analysis Sir. One question, you shared "Redington" on twitter but not here. Any reason for this, like short term or long term investment. Thanks in advance.
ReplyDeleteThanks :)
DeleteOn twitter i Mostly tweet with short term ideas.
Here in blog i look to share medium term ideas with decent upside potential
Sir, i would like to know from your point of view, how many months are considered as short term period and how many months are considered as medium term period? Thanks once again for your quick response.
DeleteShort term in 1 month.
DeleteMed term 3-6 months.
This is as per my analysis.
DeleteEvery individual has different views.
Yes, right Sir. Thank you.
DeleteExcellent analysis.
ReplyDeleteThanks
Thanks Pranav :)
DeleteFDC so far ....300 >>> 350++ Half runup done quickly .. !!! Cheers
ReplyDelete