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Price and trend forecast of FDC for Tomorrow, Weekly, Monthly

FDC Limited

Symbol: NSE:FDC

ISIN: INE258B01022

453.80

As on 2024-04-16

262.00 (52W Low) 487.70 (52W High)

FDC's Today's Performance

FDC Limited started the day by opening at 454.00 today 2024-04-16. Its shares reached a high of 457.70 and dipped to a low of 441.65 in intraday. When the markets closed, FDC’s stock price settled at ₹453.80 per share. Also check out its key support and resistance levels.

FDC Buy/Sell Targets

Tomorrow, buy FDC when its price reaches ₹ 453.80 with a stop-loss order at ₹ 447.11. You can set the target price as ₹ 460.49 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of FDC for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for FDC

Resistance Levels Value in ₹
Tomorrow Resistance 1 460
Tomorrow Resistance 2 467
Tomorrow Resistance 3 477

Important Supports for FDC

Support Levels Value in ₹
Tomorrow Support 1 444
Tomorrow Support 2 435
Tomorrow Support 3 428
Based on where the stock opens tomorrow, if FDC opens on a positive note, our first target will be ₹460. If Target 1 is achieved, we will aim for Target 2 which is ₹467.

But if FDC falls below the average value of ₹451.05, you can enter a sell side position with target number 1 - ₹444 and second target - ₹435 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of FDC

Looking at FDC, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, FDC has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for FDC is moderate bullish.

Tomorrow's Volume based share price Forecast for FDC

FDC's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -37%.

Reversal detection for FDC

Predicted trend chart of FDC tomorrow for price forecast
FDC may trend may continue to be bullish since stock is making higher highs and we can get target of ₹451 in morning tomorrow
Target 1 tomorrow457
Target 2 tomorrow461
Target 3 tomorrow467
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with FDC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if FDC opens on a positive note, our first target will be ₹460.45. If Target 1 is achieved, we will aim for Target 2 which is ₹467.10.

But if FDC falls below the average value of ₹451.05, you can enter a sell side position with target number 1 - ₹444.40 and second target - ₹435.00

FDC's Weekly Targets
1st Up Target 461.78
2nd Up Target 469.77
1st Down Target 443.73
2nd Down Target 433.67

As the week for FDC ended on bearish sentiments, we can expect further continuation of this sentiment. FDC's initial target will be 461.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 443.73 in the upcoming week.

Weekly OHLC Values
Open 455.00
High 459.70
Low 441.65
Close 453.80

Week for FDC started with an open price of 455.00, and the close was at 453.80. FDC reached the highest of 459.70 and dipped lowest up to 441.65 last week. This indicates a bearish sentiment for the week.

FDC full month swing targets
Monthly Up Target 1 479.83
Monthly Up Target 2 487.82
Monthly Down Target 1 425.68
Monthly Down Target 2 397.57

Targets of ₹479.83 can be expected to be reached in the coming month. Once FDC achieved this target, we can aim for the next upside target of ₹487.82.

FDC if fails to hold upside, down targets of ₹425.68 and ₹397.57 can be achieved by end of this month.

For complete three weeks if FDC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

FDC is expected to reach the target of 460.45 in tomorrow's trading session.

After achieving the initial target in FDC, we will aim for higher targets of 467.10 tomorrow.

However, if FDC starts to trade below ₹451.05, then we will shift our focus to the sell side and aim for down targets of 444.40 and 435.00.