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FDC , a pharma company had formed a beautiful flag formation.
Pole from 06/02/2018 to 08/02/2018. Note the volume spurt.
Horizontal basing foe next few days, a little longer than usual 3 to 8 days from 12/022018 to 06/03/2018
Very good break out from the range, with tremendous volume spurt on 07/03/2018.
Entry at 298.
Target 298+78 =Rs. 376
Stop loss 280
Risk Rs. 18 and Reward 78
Risk reward 1: 4.2
But from next day , stock started moving down and stop loss is hit.
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