A good opportunity to enter in CDSL after a big correction in market. In chart we can see previously, the trendline acted as a resistance and now the same trendline is acting as a support line/zone and bullish slash candlestick pattern formation can also be seen on the trendline. After a correction a good upside move can be seen in recent/today's (30th August)...
Breaching in the resistance zone with quite high volume can be seen in weekly timeframe chart can also be called as Range Breakout . would suggest to make a long position at current levels and go for buy on dip if shows any dip till 95 level, can go long at CMP for the given targets in chart with the stop-loss of below the zone (exit only if weekly candle closes...
After being in a Long consolidation phase chart has given breakout with quite good unusual VOLUME. Would suggest to go long at CMP or can apply buy on dip strategy till 110.35 for the TARGET of 134.95 with a strict stop-loss of 110.40 (only on candle closing below basis) .
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS...
Stock has consolidated after its inverse head and shoulders pattern breakout on weekly charts and is now looking to catch up some movement from here. A long position can be made with the stop-loss of 520 for the targets mentioned on charts.
Stock has given clear inverse head and shoulders pattern breakout over weekly chart and is looking good for a big move from here. Positions can be made with the stop-loss and targets mentioned above. Targets will be achievable in no big time.
