FDC Limited Technical View
We have been recommending the stock from 135 levels as a safe bet.
Good management and shareholder friendly with buybacks/dividend track record.
Technically the stock first gave a breakout above 145 and then has been consolidating between 145-167
A fresh momentum above 165-167 can take it to 185-200 in short to medium term.
A momentum trade would be with a stoploss of 157. But investor can hold this with a long term view as well.
Disclosure : Recommended to clients as well as on CNBC in this video - https://www.moneycontrol.com/news/stocks-views/buy-cipladeclines-may-test-rs-750-nooresh-merani_1174292.html
