$CDSL should be range bound between 1739 and 1920?

Dec 20, 2023

Good news is the sell off on 12/20 was with a low volume and did not fill the gap all the way to 1826 but the sell off stopped just at the prior gap 1739. So buyers may get inspired by that move and may come in tomorrow or later in the week if no follow up action from sellers. The bad news is - it pierced through quite a few potential support in a single session, meaning buyers are not strong on this stock. My guess is now the uptrend line - that indicates around 1920 level this week will be the upper bound for this stock after the heavy sell off on 12/20 and buyers may come back at around 1735 level.

Feb 16

Trade closed: target reached

Happened exactly as predicted. Reached 1740 from 1920 level. Expect a rebound. Closing as target reached.