CSL FINANCENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
CSLFINANCE
CSLFINANCE - Weekly Chart AnalysisAfter breaking out of the previous all time high level of 307 it went into the consolidation of 13 weeks and finally showing strength and closed this week with almost 9% gains.
Ideally shall wait for it to close and sustain above 350 levels.
It has broke out and re-tested those levels and showed strength thereafter.
Stock is trading above all its key moving averages.
271 shall act as support now. Weekly close below this shall invalidate our view.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
CSL Finance🔹 Technicals:
▸ Base formation followed by a high volume shakeout breakout
▸ Shakeout was followed by a good recovery and the price moved nearly 23% from the low of the shakeout
▸ Price has reclaimed the base and may possibly consolidate before moving towards the ATH
▸ If the price moves out of the base, 400 can be seen as a reasonable target in the short-term
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.