CDSL
Multi Bagger Stock, Gave 160% return in 6 months & more to comeCDSL
CMP - 487.5
For Short Term (30 Days)
Target - 520, 540
Stop Loss - 470
For Long Term (1 - 2 Years)
Target - 600, 800, and 1000
Note - Long Term investors keep an eye on the Results and Stock Related News.
Buying opportunity after retracementObservations:
1.) "+" Shows strength candles.
2.) Higher High + Higher low = Accumulation
3.) CDSL has moved out of the channel & also it is on 61.8% Fibonacci Retracement. There I expect small correction before it continues its rally.
4.) Rs 368 can be tough resistance in the short term, where I again expect some consolation before moving towards are future targets.
5.) Significant increase in volume in the past few weeks.
Trading plan:
Probable entry at 320-322 can significantly Increase the Risk to Reward ratio.
T1:400
T2:430
SL below the recent low
CDSL Given Breakout above The Resistance #CDSL : one of the two depository services in India Listed on NSE . #cdsl #bullish #breakout #nseindia #technicalanalysis
CDSL Breakout from resistanceThere is breakout in CDSL at the level of 290.
You can initiate a buy at current levels and wait for the targets to achieve 375.
The chart is forming higher bottoms and also there is volume addition.
The analysis has been done on weekly time frame so time to achieve the target could be 3 to 10 months.
Make sure to keep a stop loss of 275 on closing (weekly basis).
**ideas are my own***take risk as per your risk taking ability**
weekly/daily TL Breakout with high volumeCDSL broke weekly Trend line around 275 Fibonacci support at 273 looks good buy for tomorrow both intraday and positional
CDSL WAIT FOR 250 FOR FRESH ENTRY.CDSL - CENTRAL DEPOSITORY SERVICES LTD.
CMP : 234.
BUY ONLY IF SUSTAINS ABOVE 250.
CAN TAKE SHORT POSITION WITH 250 SL INTRADAY BASIS.
CDSL COULD DRIFT LOWER TO 160-180 OR MUCH LOWER, IF 250 NOT TAKEN OUT IN COMING SESSIONS.
TRADE CAUTIOUSLY.
BETTER BOOK SOME PROFIT AND WAIT FOR 250 TO CROSS FOR FRESH POSITIONS.
CDSL: INVESTORS' ENVY @ GOLDEN RATIOStock is trying to build a base at around 335-340 levels, which is also 61.8% of the entire bull run from 243 to 486. So it could be a buy at current levels or on intraday pullbacks, as one likes. The Stop would be below 335.
Strategy :
1) The stock bounces from this level -- In this case partial profit would be taken at 362 so that even if the stock reverses from 362 we would not lose. Final target would be near 393.
2) The stock does not bounce -- In this case stop loss would be triggered :DD
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Trade Safe, Stay Healthy
Regards
Bravetotrade
