CDSL for Swing Trade.As marketing Dynamics have shifted towards the bull run after a long period of consolidation. Nifty witnessed strong rally in last trading day and touched record high. Where lot of sectors and stocks have shown significant run up but CDSL is still available at 30% discount, If we look at its financials there is no red flags concerning its fundamentals. We can anticipate a promising Bull Run extending further in this stock.
Technical
CDSL has shown significant run up in last 3 months and formed a good trend reversal pattern last week in weekly timeframe. We can see trend line breakout above 1130. For further understanding of the price just add this stock in your watchlist.
Buy-1155
Target- 1400, 1500
CDSL
CDSL: Falling Wedge Breakout Falling Wedge Breakout:
CDSL has fallen almost 34% since December 2021. It has given breakout from a falling wedge pattern on monthly charts. Rising prices are supportive of breakout in momentum indicators and volume supported price action.
CMP: 1110
R1: 1241 +11.45%
R2: 1457 +31.4%
Stoploss: 986.35
CDSL - Ichimoku BreakoutStock 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 1120
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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CDSL taking support at previous resistance zone?1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After falling since Sep'22, NSE:CDSL started a slow rise in Apr'23. Currently, it is trying to take support at a previous resistance zone at ₹1025. One can buy if it crosses ₹1057 (aggressive traders) or ₹1094 (conservative traders) with a stop at ₹1020.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
CDSLStrength :-
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Company with No Debt
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Tiredness :-
MFs decreased their shareholding last quarter
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Fall in Quarterly Revenue and Net Profit (YoY)
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
Near 52 Week Low
Weak Momentum: Price below Short, Medium and Long Term Average
CDSL - DAY CHART - 26.09.2022 - BAHAVAN CAPITALCDSL 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 to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
CDSL Analysis For Swing TradeCentral 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.
CDSL at the cusp of breaking out...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
CDSL- Ichimoku Bullish BreakoutStock 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 for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.