Buy FDC Ltd for swing trade

[Apurv7164]

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

 

[Apurv7164]

Seems SL of 93 has triggered however, i feel strategy is still in persistence.... today it made inverted hammer after couple of down candles. This is again potential upswing indication... it will b confirmed if we have white candle tomorrow....