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Shyamlal

CDSL - VCP Pattern with Relative strength study

Long
CENTRAL DEPOSITORY (NSE:CDSL)  
Shyamlal Updated   
NSE:CDSL   CENTRAL DEPOSITORY
Trend Analysis Chart Patterns Technical Indicators vcppattern VCP breakouttrading CDSL breakoutsignal
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trendanalysis chartpattern indicator vcppattern vcp breakouttrading cdsl breakoutsignal
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.
Comment:
Breakout done
Comment:
Pullback support at 1400-1440
Comment:
Next VCP pattern in formation, low volumes during the fall
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