CDSL Breakout Above 2004 We will see rally in this stock SL Should be Below -1897 Note - Only for education purpose
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...
Strength :- Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Company with No Debt Strong cash generating ability from core business - Improving Cash Flow from...
CDSL as per daily chart trade levels it has a good support at 1100 level and august 5th & 8th is an Important day to plan the stock.