CDSL - Long - Falling Wedge Pattern

Thenali_Views Updated   
Hi Friends,

We are going to analysis script CDSL .
CDSL was forming in a Falling Wedge Pattern and where the script was currently in the Dynamic Support EMA50 and EMA79 Range.
And it was retested the Support Level of 1101 and retraced. As per the FIB Channel level it was in the 61.8 retracement level.

Now the script retracement move was completed and it like to move high.
Stochastic RSI of Daily TF and Weekly TF are in the Oversold Range
MACD in Daily TF and 2HR TF was in the Low range and Weekly TF was in the High.
CPR was in the Bullish Bias and Price in near the support of the CPR .
Volatility was High as per the ATR.
Pattern was Bullish Flag or Falling Wedge .

Based on the above, we are bullish on the script.

Buy: CMP
SL: 1102 - 1ATR
Target: 1575 + Up on Which Trail Your SL based on the trend.

FIB Channel:

Stochastic RSI:



Trade active: Bought on 25-Aug-2021 at 1154.95.
SL - 1037


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