vivek3032810101

CDSL Breakout from resistance

Long
NSE:CDSL   CENTRAL DEPOSITORY
There is breakout in CDSL at the level of 290.
You can initiate a buy at current levels and wait for the targets to achieve 375.
The chart is forming higher bottoms and also there is volume addition.
The analysis has been done on weekly time frame so time to achieve the target could be 3 to 10 months.
Make sure to keep a stop loss of 275 on closing (weekly basis).

**ideas are my own***take risk as per your risk taking ability**

Comment: Please start booking profits in this scrip...
Comment: This is still riding ....keep your unsold positions open till we see any resistances in chart.
Comment: keep your positions on hold...as it is currently consolidating and i believe it will breach it's resistance of 500 soon
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.