STOCK : FDC LTD.
CMP : 322.55 (26/06/2023)
ABOUT : FDC Ltd. is an Indian pharmaceutical company that specializes in the manufacturing and marketing of various medical products.
TECHNICAL ANALYSIS CANDLE STICK CHART VIEW(WEEKLY TIME FRAME)
(CLICK ON ABOVE IMAGE FOR CLEAR CHART VIEW)
OBSERVATION :
The stock has been Down trend since 26th JULY 2021 taking a good support of pivot points levels (S1) and recently formed a consolidation in the form of a DOUBLE BOTTOM pattern.
stock has also given a break out of its pattern. Now weekly candle closes above 320 levels further we may see 20-25% up side momentum.
How DOUBLE BOTTOM pattern works ? ( click here )
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Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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