The stock is looking very good charts as it is a perfect candidate for Buy on dips because it is making Higher top Higher bottom since last 1 year. Now Buy FDC only if it sustains above 93.5-94 with a stop of 89 and look for targets of 99/102 in short term
Stock View: Neyveli Lignite
Perfect Triangle pattern with a strong base is being witnessed in Neyveli Lignite. The stock can be dealt in 2 ways:
For Risky Traders. Buy Neyveli Lignite at current levels of 148 with a stop of 143 on closing basis and look for targets of 154/163 in short term.
For Conservative Traders: Buy Neyveli Lignite if it sustains above 154-155 with a stop loss of 149 and look for targets of 163-165 in short term.
Have a nice trading day
Regards
Ankit
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