Cdslpricetrendanalysis
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: 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.
A POTENTIAL STEADY FUTURE COMPOUNDING GIANT IN TROUBLE - CDSL I will soon do a complete fundamental analysis on CDSL on valuepicker and post the link to my thread here in the updates..
interested investors can track that or further charts in future which will be intermixed with fundamental analysis..
Here there is a potential extension harmonic pattern in formation- the bullish crab pattern, which is a very accurate and strong reversal theme in the charts...
I expect some good news about the kyc business will cause the extreme reversal from the potential reversal zone of the harmonic....
fall in the bond yields also should correlate with the structural reversal and a similar picture is there forming in the bond market...
with more interests in indian equity market from the domestic inflows, this company should continue enjoy the scenario and provide with sustainable cashflows form operations..
Even if the kra business is jeopardized, i am not concerned with loss of cash flow, as i am already discounting in such a 15% revenue loss in my price projection....
The current tension involving this vertical is just giving the opportunity to bottom fish this company at a attractive pricing...
Although the business has no pricing power as such and its pricing is tightly regulated, which in fact a downside to this nature of service sector company, i believe the amount of dematerialization of financial products that is due in coming times is massive , let alone the runrate at which the DPs are adding new demat accounts every year, is enough for sustained cash flows ...
i will discuss the exact numbers and fundamental analysis after completion of my equity research on this company...
bottomline - not a multibagger in making , but a sustained good cagr producing company to my eyes...
Disclaimer.. not invested, researching at present.. not an investing/trading recommendation....