CDSL 1H Time Frame AnalysisCDSL 1H Time Frame Analysis
- Has given a good rally of almost Rs 500 in few days so the price needs to be corrected
- Price has corrected from its ATH @ 1579 falls to 1312 levels
- Hit 2 consecutive days lower circuit
- Taking minor support near 1300 breakdown of this level can drag it to 1200 which is a good time to buy more
- Breakout of the current level and triangle as you can see in the chart will push it again to its ATH
- Volume has decreased a lot
- Important thing it is a T2T, i.e you can sell only after the stock has been credited to your account
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CDSL
CDSL longterm positional betCentral Depository Services Ltd, is the first listed Indian central securities depository based in Mumbai. Central Depository Services Limited was initially promoted by the BSE Ltd. which thereafter divested its stake to leading banks
Broken big fat 1000 number add again in portfolio here for longterm run
Swing tgt 1060 1100 1150+
CDSL - WILL HISTORY REPEAT ?? BULLISHI bought CDSL first at 440.
I added the stock at 585 and 780 again !
The stock had been bullish since CORONA fall and had been maintaining the trendline support and resistance since i bought it..
The stock first broke the trendline at 685 levels !! and then gave move upto 950 maintaining the new trendline as shown in charts !!
The stock had again broken the second trendline !!! on Friday at 950+ levels..
Can history repeat and we will get 40-50% move even from here ??
will buy the DIP since RSI is overheated for now .. SL will be 950 now and will try to add as close possible to 950 with 10-20 rs stop loss and hold it for 3-6 months ..
Lets see !!
CDSL: A series of Pole and Flag patternThe chart is making a series of pole and flag which is breaking out all the time on upper side with volumes and reaching to the target price of the length of the pole.
If history repeats itself then we can see the same happening again this time.
A good fundamental and Monopoly stock
Keep and eye on the movement of this stock.
CDSL Big BreakoutHere in this chart analysis, we'll get to catch a swing trade of approximate 13-14 % in CDSL.
In chart you can see a very clear pattern of FLAG&POLE. And 15 min chart is also showing a dynamic support of EMA 200. HERE the shape of FLAGE is symmetrical triangle. CDSL is about to give a breakout through the upper resistance of the FLAG . What should you suppose to do in this situation is ,,,,,,, wait and watch for the break breakout. Thereafter you just buy CDSL and wait for a handsome profit of 13-14 %
ALL THE BEST
HAVE A GOOD PROFIT AHEAD
DISCLAIMER :- This analysis is for educational purpose only. Don't take it granted as buy/sell recommendation.
Breakout with good volume and trendyThis stock is bullish for last few weeks. It also has a good fundamental potential as it is a smallcap and is a depository.
The more people will come in market it will benefit this stock and also the financial litracy is increasing in India.
It is a good pick for investing and short term too.
We have just got an good opportunity to enter.
Those who are willing to enter in this stock it is the right time as we got a breakout.
But don't forget that nifty PE is around 30.
Its all upon you.
This post is just for information purpose only.
CDSLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Ascending TrinagleCDSL is in a bullish trend overall. Now the stock has finally given a breakout of its range with strong breakout.
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