With the latest jump to Rs 115, the stock price of FDC Ltd has given a fresh break-out which hints at a bull run. Both daily as well weekly charts have given this signal.The break-out become more important as it has been supported by higher volume. As far as the oscillators are concerned, the weekly RSI has touched an all time high. The weekly MACD too is in positive mode. The daily oscillators are also showing bullish signals.
As such, going by the position of price chart and oscillators, the rally in the stock is expected to last for a longer period.
Investors can take a long position and can expect 15-20 per cent return in the short-run.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
