TradingView
vaibhavmehta611
Dec 13, 2020 2:37 PM

CDSL - High Probability Flag Trade Long

CENTRAL DEPOSITORYNSE

Description

Price broke the all time high and has given a pullback, the price is currently at a confluence of factors :

1) Price is retesting the previous breakout zone (Resistance acting as support)
2) Price is taking support at the 9 day EMA
3) Currently price is also taking support at 0.5 Fibo Level

This can be a high probability trade above 537, close above which will also confirm flag breakout, first target 566 and flag target is approximately 100 points sl below 505 on daily closing basis.

DISC: VIEWS FOR LEARNING PURPOSE ONLY
More