Trading_hawk

Simple Positional Long/Buy trade setup | CDSL | Short-Mid Term

Long
NSE:CDSL   CENTRAL DEPOSITORY
NSE:CDSL

Observations:

1) On daily time frame, we can see 50DMA is working as support.
In last session, It took support from it closed with bullish candle.

So Major support range is 1290-1300 level.

Please refer below chart : 1day Time Frame.

2) Also on daily time frame, we can see that it is taking support from major support trendline.
And also it has formed symmetrical triangle pattern .

If it breakout upward then it will be bullish .
If it gives breakdown of support trendline then it will be bearish .

Please refer below chart : 1day Time Frame.
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In this stock it is better to take positional trade. Below is the levels and setup for only long positional trade setup.

Please refer below chart for levels.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL.

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