CDSL
CDSL LONG TERM STOCKMY OWN STUDY .. CHART IS FOR LONG TERM ONLY...
I ENTERED AT 444 WITH SL 415..
THE STOCK TOUCHED 565 BUT I NEVER EXITED BUT INFACT ADDED AT 545..
I M BULLISH ON STOCK WITH ST AT MY COST 444 TARGET 666 , 750++
NEED A CLOSING ABOVE 545 FOR CDSL FOR SUPER BULLISH TREND AND FURTHER TARGETS..
CDSL is forming a Volatility contraction pattern on the dailyA clear VCP on the daily chart of CDSL. Once it breaks out above 510-514, with no overhead supply, next leg of the bull run begins. If going by simple base count on the weekly chart, the stock will complete its second base, once it breaks out form the current base. The stock isn't overextended at least till the time we reach the 4-5th base.
CDSL Strong Bullish SetupCDSL Chart is Fabulous and Bullish
- Buy Triggered yesterday as per Weekly Candle
- Solid Price Volume Action can be seen in the Approx 3 month Consolidation base
- Daily Chart shows a Bollinger Band Squeeze, with Daily RSI 60+, ADX 25+, MACD in Buy Mode
- Weekly Chart is just So Strong as you can Clearly see wonderfully respecting Ichimoku
- Target Minimum 620 - 650 upside can be seen
- For Stop Loss, use Weekly Tenkan Sen (part of Ichimoku System) and Trail till the Target is Met
- Approx 1:4 Risk to Reward Ratio from CMP, what Else is needed?! to take this Trade Setup