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.
-------------------------------------
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.
Cdslanalysis
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 is again ready to fly CDSL is looking good to go long after forming a small red candle a bullish hammer green candle is formed and close at day high which is a good single to go long again for 100 to 200 points.
Disclaimer:- This is only for educational purposes do your own analysis before investing hard-earned money.
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.
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.







