msubhashish14

CDSL 2.0

msubhashish14 Updated   
NSE:CDSL   CENTRAL DEPOSITORY
Hello everyone as some of our fellow traders having issue with chart as written analysis posted under it was old & they wanted to see chart pattern so here's the new chart & CDSL analysis(new) will be posted here from now onwards.
(i)price is strong & formed a pattern on day time frame which says price can move up further but there are few zones marked as we need to be a little cautious there.
==>For buying let price sustain above 2020.20 for 2034-2042.10tgt level or it can touch 2045.20 level & form a small retracement candle then move up if does then next 2050-2054.60/2067 tgt levels can be seen but remember 2042 a strong level.
==>For selling let price on 15min timeframe close below 1999 for 1990-1985 tgt
safe traders can wait for 1990 level to break & sustain for 1978-1970 tgt level.
if price takes rejection from 2020 level &falls till 2000 then wait for support candle to form & on next candle can buy for 10-15points tgt. if price break 1999 level then a sharp sell off till 1990/1988 can be seen.
if gap up/gap down opens then wait for at least 30mins & mark 1st 15min candle high/low then trade on side price is.
Trade active:
in.tradingview.com/chart/Ki8pmBUN/
price is strong & new 52week high touched, so from here price may go another 20-30 points. so for tomorrow i.e. 24/4/2024 if price opens flat & crosses 2112-2118 level( green candle without upper wick/little wick) on 15min time frame then buy for 2132-2144tgt level.
if opens flat & goes below 2085 then sell for 2076-2066.70 tgt level,= as there's a little possibility of price creating "M" pattern so we sit for sell.
if price takes rejection from 2120-2115 level then on next candle breaking low of rejection candle sell & previous candle high as sl for sell trade for 8-10 points tgt, if goes below then trail as per risk reward.
Trade active:
price touched a new high &fell down so we will trade on levels only
2100 above buy for 20-30 points(15min candle closing basis)
2070 below sell for 15-20/25 points tgt can be seen.
if gap up/gap down opens the wait for at least 30-45mins & mark 1st 15min candle high &low then trade on side price is.
Trade active:
price retest/retracement done(shorter timeframe) then moved up, so there's a possibility of price moving either side to staying in a range but 50% chance of moving up is also expected so what do we need to do.
For tomorrow i.e. 26/4/2024 if price opens flat & stays above 2165 then 2180-2195 tgt or even 2200 to 2204.60 can even touch.
if flat opens & falls down & crosses 2130/2128 level then price can go down to fill the pending order block & imbalance near 2118-2107.60tgt level
Trade active:
price is strong on weekly & monthly timeframe on daily timeframe a red candle formed at top & on hourly a "M" pattern forming & it will fail if price goes above 2145.
so for Monday if price goes below 2100 then 2085-2070 level can be seen.
if goes above 2128 then 2137.65-2140/2150tgt level can be seen,
if gap up/gap down opens then wait for 30-45 mins mark 1st 15min candle high/low & trade on side price is.
Trade active:
Price opened gap down & formed a Dragonfly doji candle on day time frame but i guess price will stay inside a narrow range till 2/5/2024 as on 3/5/2024 earnings report will be out, so till then don't look for big moves.
2093 below sell for 10-15points tgt, & 2120 above 2128.20-2136.70tgt level.
Trade active:
price formed doji candle with top wick a bit bigger than bottom, from past 2 days price is sideways 2100 below/2095 below 2090-2087.50 tgt level if sustains then 2080-2070 tgt level but price can come up sharply or can form a big candle on 1 &2nd 15min candle & come up a little & stay sideways.
2121 above 2128-2133 tgt level if sustains then 2142 tgt can be seen.
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