As per my analysis, cdsl in strong uptrend
currently we are in 5th wave of 3rd when this wave gets completed, we will see a good retracement up to 2431 area which is the best area to buy again cdsl, then it will complete its 5th wave.
I have mark all the points
If Weekly 🕯 closing sustains above 2597 on 2nd Sep 2024 then it could trigger a upward momentum to 4150 within 18th Nov -- 2nd Dec 2024
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
CDSL
Trade idea - Swing trade/short term momentum capturing
- Entry - Immediately after market open
- Stoploss - 1860 (3-4%)
- Position sizing - 20% of the capital
- Target - 2270 (20% of the breakout)
Catalyst behind
- Finance sector as a whole have come out with great results.
- Reserve bank of India with their new policy for banks have created a major...
