Avatar0

My on holding stock CDSL - analysis

NSE:CDSL   CENTRAL DEPOSITORY
Jul 15 tried to break the resistance. - success
Jul 20 started to fall down & Jul 30 comes below the resistance.
Aug 3 again tried to break the resistance - failed
So it comes down, maybe it reaches the trend line (week) bottom band and tries to move the upper band + and again try to break the resistance.

once break the day's trendline + RSI clearance plan to by Rs 1200 (maybe - Sep 7).
Plan to book Profit 1 - 1330 - (50% stocks)
plan to book profit 2 - 1425 - (25% stocks)

Stoploss - 967

---
Only for personal training & education use

Comments

bought at 1420, already at 14% loss, should I sell or any chance of recovery in near future?
Reply
Avatar0 maityimankalyan
@maityimankalyan,

Date Qty. Price Age (days) P&L
2021-07-19 - 2 - 1,537.45 30 -653.7
2021-07-16 - 4 - 1,466.9 33 -1,025.2
2021-07-16 - 6 - 1,482.3 33 -1,630.2

Me too unrealized losses -18.55%.
So, I ensure the future of this stock via this chart.
1. My hope after Sep 7 it's meet 1200 with the upper day trend I'm planned to buy some stocks and average this stock price. Then if meets my targets I'll book profit according to my plan.
2. In case it meets the stop-loss point. I'm not selling this stock.

PS: I holding that stock until this stock delists from the market.
Reply