dsuraj32

CDSL 1H Time Frame Analysis

Long
NSE:CDSL   CENTRAL DEPOSITORY
CDSL 1H Time Frame Analysis


- Has given a good rally of almost Rs 500 in few days so the price needs to be corrected
- Price has corrected from its ATH @ 1579 falls to 1312 levels
- Hit 2 consecutive days lower circuit
- Taking minor support near 1300 breakdown of this level can drag it to 1200 which is a good time to buy more
- Breakout of the current level and triangle as you can see in the chart will push it again to its ATH
- Volume has decreased a lot
- Important thing it is a T2T, i.e you can sell only after the stock has been credited to your account

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