rk10

CDSL - Wedge Pop

NSE:CDSL   CENTRAL DEPOSITORY
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One of the few stocks that stood out strong today and also having strong fundamentals. This stock seems covid proof as more people start to trade more this company has the potential to make money.

The stock recovered all its losses from the market moving down today and even attempted to breakout. The next attractive buy level here would be 609. SL 583 with anticipation of the stock moving to make a new 52 week high and keep up its momentum.

Disc: Got the stock today at 604.

This is more a short term trade with a low risk SL. If an intraday/2-3 day trader is looking at it the SL can even be at 598.50.

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