Central Depository Services (India) Limited is currently trading at the trendline. Symmetrical Triangle pattern in weekly timeframe chart. Sustain and closed below 1080 level, it seems not good.
CDSL as per Daily chart analysis stock Below 1239 then Target is 1209 / 1154.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue...
Central Depository Services Limited is a Market Infrastructure Institution (MII), part of the capital market structure, providing services to all market participants - exchanges, clearing corporations, depository participants (DPs), issuers and investors. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions.
As the stock moves up over the 200 EMA, it is time to pay attention to this stock.
Strong uptick in volume and gradually increasing RS line.
Targets of 1380, 1450 and 1580 if it builds on momentum.
Support zone at 1200 and 1150 and 1050.
Always trade with a stop loss.
Note: Not a buy/sell recommendation. Consult your financial advisor
Stock Name - Central Depository Services Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1305
#This is not Buy and Sell recommendation to any one. This is...
CDSL Long (16 Aug)
Positive crossover, Good volumes, making higher lows
Buy at CMP- 1224
Target- 1340, 1405
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CDSL testing Trendline and it's like a kind of consolidation so we can go for LONG (BUY) expecting a good move....with stoploss below the trendline (if it close below the trendline then exit the trade)... #swingtrade
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose