#CDSL #StockMarket #StockIdeas #StocktoWatch #StockToBuy - central depository services ltd ltd
good on books, strong financial
good investors holding
currently in asm stage#2
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can be enter at current level also
full buying can be made at level 1470
for minimum target of 1540
but keep long term view for 2x-3x
sl can be 1390 for short term or 1340 for long term
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if it is out of asm then it will be rocket again
CDSL
CDSL - Seems ready for the another burst?Category: Bullish Flag and Pole Pattern
Key Highlights:
1. Sharp Bullish move visible.
2. Price taking support from one of the key support levels.
3. The reported earning are 40% YOY+ which is definitely positive with the increasing retail participation.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Abhishek Singh (@Abhishek_TradersSin)
~ Middle-class IT Employee trying to simplify Technical Analysis .
~ Do follow and like if you like the work.
CDSL - May test ATH soonKey Highlights:
1. Bullish market structure on HTF
2. Broke above horizontal level
3. Moving above 200 MA
4. Good volume buildup
5. Only concern is bearish divergence
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
LONG CDSLCDSL stock has been following a ascending channel pattern in daily and weekly timeframe and is near make/break level If the stock sustains above 1465 then buy for LONG positions as and when we get a confirmation candle.
Supporting Indicators:
The Stochastic RSI gave a crossover arounf 1407 levels and this leading indicators move was confirmed by two consecutive days spike in Volumes of the stock and also by MACD crossover.
Look for buying opportunity once it breaks above the channel levels.
Simple Positional Long/Buy trade setup | CDSL | Short-Mid TermNSE:CDSL
Observations:
1) On daily time frame, we can see 50DMA is working as support.
In last session, It took support from it closed with bullish candle.
So Major support range is 1290-1300 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, we can see that it is taking support from major support trendline.
And also it has formed symmetrical triangle pattern.
If it breakout upward then it will be bullish.
If it gives breakdown of support trendline then it will be bearish.
Please refer below chart : 1day Time Frame.
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In this stock it is better to take positional trade. Below is the levels and setup for only long positional trade setup.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
CDSL - Seems ready for the next burst up?Category: Triangle Breakout
Key Highlights:
1. Bullish market structure on HTF.
2. Bullish flag and pole/triangle pattern consolidation happening.
3. Bullish volume is higher and weak non-patient hands are getting out.
4. Direct beneficiary of the increased equity share.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Abhishek Singh (@Abhishek_TradersSin)
~ Middle-class IT Employee trying to simplify Technical Analysis.
~ Do follow and like if you like the work.
CDSL-BE ready for another breakout !!!!As we can see in daily chart after a superb rally upto 1577, price has stuck in triangle. recently company has offered handsome dividend of rs 9.
now price is still getting strength and trading near lower level, above 1320 level will take price to the 1400 level soon, and above that level price will be unstoppable, and we can assume tgt of 1550 in coming months.
Symmetrical Triangle about to break.CDSL has shown some good uptrend in the past six months, now it is in a consolidation phase after a good price correction. We can see while correcting the volume is very low which is a good sign and shows that sellers are weak. Latest candle formed is a strong bullish candle with an above average volume gives a hint of buying interest. A unique thing is that for the past half a month the deliveries are 100%.
Other indicator's signals:-
Momentum = RSI above 60 on all time frames (monthly,weekly,daily).
Trend = Price is respecting the trend line since retest.
Relative Strength Comparison = Outperforming nifty50 as well as midcap index.
ENTRY= above 1380
SL= below 1290
Target= 1580