Hey Guys,
Kindly have a look on chart of FDC Ltd... nicely formed buy set up for swing trading for 7-8% gain...
1> Trending up for more than a year
2> 21 SMA and 50 EMA are heading up steadily
3> 21 SMA is above 50 EMA and CMP is at 21 SMA
4> RSI (14) is at level of 50 and for last year or so RSI(14) has been oversold level
5> Stoch is below 20 and just turned up....
In my opinion we should buy it with the stoploss of 93 and for risk takers stop loss of 88...
http://img708.imageshack.us/img708/9081/fdca.jpg
Kindly have a look on chart of FDC Ltd... nicely formed buy set up for swing trading for 7-8% gain...
1> Trending up for more than a year
2> 21 SMA and 50 EMA are heading up steadily
3> 21 SMA is above 50 EMA and CMP is at 21 SMA
4> RSI (14) is at level of 50 and for last year or so RSI(14) has been oversold level
5> Stoch is below 20 and just turned up....
In my opinion we should buy it with the stoploss of 93 and for risk takers stop loss of 88...
http://img708.imageshack.us/img708/9081/fdca.jpg
