Here 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...
CDSL is in a bullish uptrend and has been falling since past 2 weeks. Stock is retesting on 9EMA levels and can also test 21EMA levels. It has potential to reach ATH levels with SL of 475 WCB/21EMA NSE:CDSL WCB
Here we can see breakout at 510 So here it is retesting breakout. It is best setup to play positional with SL of Clbs 499 for the target of 560++. Breakout was with huge volume also.
Note: This is for educational purpose only. There seems to be a bullish range breakout in flag pattern with high volume. RSI above 60 indicates bullish momentum.
A 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.