Fundamentally, FCCL is progressing steadily. Its recent quarterly report ending Dec 2024 is a little bit better than previous quarter ending Sep 2024. Similarly, as compared to previous year same quarter, its revenue has almost jumped 25% (from 20B Dec 2023 to 25B 2024). Historically, Quarter ending March shows some lesser revenue due to bit lesser sales during winter season whose impact is depicted in March. Therefore, it should not be a big surprise if earnings drop in quarter ending Mar 2025. However, share price might take a minor correction before moving up. This is potentially a very good SCRIPT whose share price may be doubled in next 10 months by end Dec 2025. Therefore, it can be kept as an Investment stock.
Technically analyzing the script, we see that it is moving upwards in a regression channel. Also Daily Support line has always been honored by the SCRIPT since going into bull run in Aug 2024. Price is well above EMA 89 suggesting continuation of bull run. Presently the price is above EMA 21 and since it is likely to act as a magnet, therefore, price should drop a little to test this line (BUY-1). Additionally, potential Cypher Harmonic pattern has been drawn, which if complied then price can even test that zone too (BUY-2).
There is no divergence on RSI and RSI still has some room to get into potential reversal zone. However, volumes are a bit low. KVO indicator is dipping on trigger line below Zero level also suggest minor dipping in price is expected to test Buy-2 level.
Trade Values
Buy-1: 40.66
Buy-2: 38.74
SL: 36.02
TP-1: 49
TP-2:59
Technically analyzing the script, we see that it is moving upwards in a regression channel. Also Daily Support line has always been honored by the SCRIPT since going into bull run in Aug 2024. Price is well above EMA 89 suggesting continuation of bull run. Presently the price is above EMA 21 and since it is likely to act as a magnet, therefore, price should drop a little to test this line (BUY-1). Additionally, potential Cypher Harmonic pattern has been drawn, which if complied then price can even test that zone too (BUY-2).
There is no divergence on RSI and RSI still has some room to get into potential reversal zone. However, volumes are a bit low. KVO indicator is dipping on trigger line below Zero level also suggest minor dipping in price is expected to test Buy-2 level.
Trade Values
Buy-1: 40.66
Buy-2: 38.74
SL: 36.02
TP-1: 49
TP-2:59
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.