CENTRAL DEPO SER (I) LTD

Long

Updated

CDSL - VCP Pattern with Relative strength study

CDSL is forming VCP pattern ( Volume Contraction Pattern)
Breakout above 1620
Positive Relative Strength and Increase in volume near resistance shows a good move is coming
RSI is bullish and above 60 it will be highly bullish.

Note

Breakout done

Note

Pullback support at 1400-1440

Note

Next VCP pattern in formation, low volumes during the fall

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.