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CDSL BREAKOUT Successful

Long
NSE:CDSL   CENTRAL DEPOSITORY
CDSL has given the breakout you can buy it. it's forming CUP and Handle Pattern.
once can buy it as swing trade

Reason:
  1. Successful breakout of the zone.
  2. RSI > 50 Bullish Zone Incressing momuntum.
  3. Very nice Volume in the stock for today.
  4. Good consolidition of more than 1 year.
  5. Price > VWAP that shows the bullishness.

Verdict:
Breakout successful, Strong bullish momentum

Plan of Action:
You can buy this at current price.
Buy price: 1267.50
Stoploss: 1216
Target : 1426

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