CDSL 3.0 & price trading inside a sideways parallel channel

Oct 29, 2024

Firstly wanna apologise to all as I wasn’t able to give update as I was given a strike or violation ticket stating that I cannot update day to day under “update ideas” tab but have to post a single idea but wanna ask you all how does a single day chart states the stock movement for upside or downside and if my updates are hurting you all pls accept my apologies.
Analysis:-
So let’s get back on to analysis part as on 29/10/2024 price at crucial level and at mid point of channel so once price breaks it we got a immediate support at 1436 so flat opens goes down 1447.50/1447 below 1436.70=1st tgt then 1425.50 next tgt level, if goes down further trail,
If price flat opens falls a little till 1436 takes support goes up then upon 1455.80 crossing and 15min candle closing above it we will see a upmove till 1463-1470/1471.20=1st tgt then 1480-1500 tgt level can be seen,
If gap up or gap down opens then wait for 30mins mark high & low then upon candle closing basis trade on side price goes.

Note: This analysis is for only 30/10/2024 and there’s a possibility of price not meeting our levels or going against our observation and analysis as market is supreme and this is just a observation which I tried to post to give you a idea about price movement at current level

Nov 4, 2024

Note

Price formed a Bearish Harami cross and we have 1540-1545 at top and 1490level at bottom
So flat opens 1507 below price trades & price closes on 15min time frame then 1500-1495=1st tgt then 1490 next tgt level ,here’s a chance of price reversal so book or exit and once price closes below it also then mid line of channel will be reached,
For buying less chance only on gap up scenario as price needs to trade above 1535/1540 for any buying but there’s a chance of price rejection from top or if flat price goes up takes rejection from 1535 level then fall then we can see a 15-20points fall.
If flat opens price goes up then let it go and sustain and close we will plan on next day.

Nov 5, 2024

Note

Follow the chart and parallel channel, as This analysis is for 6/11/2024 only.
Price got a buying but we are not sure as this buying gonna sustain or not as we got parallel sideways channel top which will act as resistance and price is inside 1490-1545 level and we have rejection at 1570-1565 zone,
So flat opens price trades above 1555 for atleast 15/30mins on candle closing basis we will see buying till 1600-1607tgt levels,
If flat opens goes below 1531/30 for risky traders and 1525 for safe traders we will see a fall till 1517-1510 tgt level,
If gap up or gap down opens then wait for 30/45mins mark high &low then trade on side price goes but I will say better to avoid in gap scenarios as price can act volatile,
Note:- This analysis is just a observation & price can act in different way so before taking any position pls consult with your financial advisor.

Nov 6, 2024

Note

ANALYSIS FOR 7/11/2024:-
price formed a inverted hammer type candle on day chart & closed below parallel sideways channel so there's a possibility of price trading inside and slowly going up but we will be ready for both scenarios,
so flat opens 1568= risky traders and 1566=safe traders below 1560-1555-1st tgt then 1550/1548 tgt can be seen,
for any buying if 1581.50 above price goes then 1589.20-1597.85/1600 tgt can be seen.
if gap up opens then 1600 above or 1605 above price trades for atleast 20 mins then can buy if price gapup opens comes below 1600/1597 then can see a fall of 8-12points,
if gap down opens=less likely then wait for 30mins mark high & low then trade on side price goes.

Nov 9, 2024

Note

price touched a new high then fall from top & closed inside the parallel sideways channel, on day chart a shooting star type candle formed which signifies price reversal, so on monday i.e. 11/11/2024 price 1590 below 15min candle closes sell for 15-20points,if goes down further then trail, and there's a chance of price reversal from 1566-1575 but if price coming from 1610/1615 then these levels may not meet,
for any buying let price close above 1620 risky traders and safe traders can buy above 1632 level and we have tgt of 15-20 points and if flat opens then price going above 1605 above buy for 1615-1620 as 1st tgt then trail. Anytime price trades below 1560 then 1550-1540 level will be seen immediately if further weakens 1520 next tgt.
if gap up or gap down opens then wait for 1hr mark high & low then trade or avoid.

Nov 12, 2024

Trade active

A request to everyone following my analysis pls check today's analysis under mind section i've posted chart snapshot too, with levels, pls follow it.

Nov 16, 2024

Trade closed: target reached

follow this chart as price is still weak and 2 scenarios can happen 1 price taking support & going up or price falling, as previous price took support at 1436 & midline at 1475 & price closed near midline so once price trades above it 1500 level will be seen as 1501.40 is next hurdle at top,
flat opens 1458 below safe traders and 1467 below risky traders can sell but on 15min candle closing basis only for 15-20points tgt if goes down further then trail, if flat goes up let it go & sustain then trade above 1506.40 above if price takes rejection from here sell for previous day close tgt, if sustains then can go up but overall price is weak,or if price takes support near 1460 then 1482 above trades then we can see 1497/1500 tgt can be seen. if gap up or gap down opens then wait for 30min mark high & low then trade on side price goes.