FDC - Consolidation - Volume Spike

NSE: FDC is closing with an strong consolidation candle supported with high volumes.

Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.

One can look for a 8% to 11% gain on deployed capital in this swing trade.

The view is to be discarded in the event of the stock breaking previous swing low.

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Disclaimer:

This is for educational purposes only.