CDSL has given a trendline breakout on a daily chart. The stock can head towards 1960, 2000, and 2100 levels in the coming days. The stop loss can be placed at the low of the current candle (2nd Feb) which is 1823. The stock also has taken support on the weekly candle. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes....
Stock formed very good bais with good volumes and gave breakout of trendline with good volume it's bit risky but it also look very promising . It's for education only.
#latentview >> Positional Call (1-3 months) >> Enter above safe entry levels >> Good Strength & Volumes in stock >> Stock Ready to fly Upside. Swing Traders book your Profits at 5-10% fully or partially and keep trailling Keep Liking & sharing for more such Analysis @moneyfesttrading
NSE:AUROPHARMA Strong Breakout Candle formed with Volume. Multiple Breakouts from a) Falling Trendline Pattern of many months & b) Symmetrical Triangle Pattern CMP moving above 20 & 50 Day EMA and RSI moving in Bullish Zone Target : 554 - 600 SL : 510 R: R - 1 : 2 Time Frame : 1 to 4 weeks
NSE:LUPIN Breakout of Falling Trendline from May 2021 Weekly Closing > 50 Week EMA after 15 months signals change of TREND CMP taking support from Moving Averages Targets : 744 - 839 - 915 - 992 Upside : 43% SL : 640 RSI>55 back in BULLISH Zone
Can be a good pick for swing trade it is on parallel channel trend support expecting a good bounce back from these levels and even SL seems to less for this trade.