CDSL has given a strong breakout of it's ATH on monthly basis with a strong bullish candle having great volumes. The ATH level has been retested and now it is getting for another rally.
CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market. Stock has formed a beautiful inverted head and shoulders pattern near ATH. A breakout of the pattern will bring more bullishness in the stock. I would rather prefer adding on dips than having a close SL in such stocks.
As per my analysis, cdsl in strong uptrend currently we are in 5th wave of 3rd when this wave gets completed, we will see a good retracement up to 2431 area which is the best area to buy again cdsl, then it will complete its 5th wave. I have mark all the points
Investment Pick CDSL Fundamentally a GEM ➡️ Biggest Depositary of India ➡️ Growing Business ➡️ Bet of India Growth Story Technically it has just started its 3rd Wave and it will continue till Rs 4150 apx Safe Investment with Target to DOUBLE in 3 Years Slow and Steady wins the Race.🐢🐢
Past one year is forming a parallel channel once daily closing above mean area then we may expect touching upper channel
Pole flag formation with confirmed breakout however Breakout retest is pending
Monopoly company A business to last forever, never Die CMP 2387 Weekly Breakout observed at 2317 Volume profile is super at Daily and Hourly timeframe 25% upside possible till Deepawali 2024 accumulation level close to 2300 Note: Not a Buy / Sell recommendation
Demat account hits new high in FY24, 31 lakh more additions in March Rectangle box consolidation and flag breakout with good volume. Targets in chart. Could see breakout on Weekly RSI on zooming very close. If chart adjusted for dividends, Weekly RSI breakout is visible. 35% upside potential.
CDSL is a great stock and is now monopoly (duopoly once NSDL is listed). If is down 17% from ATH and is a decent price to enter/accumulate at this level. If it falls further, it can be averaged. Book partial profits above 2600-2800 price.
#CDSL trading above Resistance of 2261 Next Resistance is at 2891 Support is at 1734 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational...
#CDSL trading above Resistance of 1734 Next Resistance is at 2261 Support is at 1240 Here is previous chart: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
A stop loss in the range of 2150-2200 can be kept for traders if you want to play this counter. NSE:CDSL has broken out and is trying its best for a new all time high. Looks very strong and the attempt is clean as well.
Looks like good days for #CDSL are coming back, the stock has given a fresh 52 week high closing with good volume spurt and RSI breakout. After making a making high in Dec 2021, the stock corrected by about 50% from its top and seems to have gone under significant price & time wise correction. It is now moving up from confluence of weekly 20, 50 & 100 ema and has...
NSE:CDSL is on the verge of a breakout and if this happens, a consolidation will end. Keep a stop loss at 2000 once the breakout takes place. Fundamentally strong and technically a sound breakout on the cards.
🚀 CDSL 🚀 📈 Strong Breakout Stock 📦 Darvas Box Breakout 📈 Trading near All-Time High 🔄 Round Bottom Structure Breakout and retested 📊 Strong Volume Buildup 📈 Entry: 2020 🎯 Target: 2150, 2300++ 🛑 SL: 1880 WCB Disclaimer: Strictly for Educational Purpose
CDSLbreaking a rectangle on WCB with good volume building up strong rsi also EDUCATIONAL IDEA