CDSLCDSL been in a accumulating phase for more than 5 months now A breakout above 1600 levels with volume can trigger a new leg of upmove for shorter term.
Happy Trading :)
Disc: Chart posted only for learning purpose.
CDSL trade ideas
BACK TO BACK 2 BULLISH PATTERNS - DOUBLE BOTTOM & BULLISH FLAGDouble Bottom and then Bullish Flag BO
- From 17 Jan to 24 Feb stock was under pressure of supply.
- After making low of 1282 on 24th Feb, stock price advanced up to 11.71%. This shows the first signal of double bottom.
- After this 2nd low of 1311 created on 7Mar-8Mar and Double Bottom has been confirmed on 10th of March.
- By 15th March, it advanced up to 286 points (which is approx. 22% upside rally) & on same day again starts falling down till 1248 on 30th March.
- Now, A fresh new pattern is created and that is Bullish flag pattern with BO on preceding day.
TGTs are mentioned in chart area
CDSL BIG breakout coming soon cdsl is ready to give big returns like before . if cdsl sustain above blue line then it will be best for swing trade ....
buy above 1503 - 1510
strict stoploss - 1440
CDSLNSE:CDSL
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CDSL Chart for swing TradingHey, Guys Plz check! Correct me if I am wrong.
Long on CDSL for swing Trading
CDSL CDSL, the stock never tested 20 day EMA within one year until TODAY, Its a conditional sell as the candle has still not given closing , so when the candle gets closed below 20DEMA or gets a negative weekly closing, a downside of next 50 DAY EMA doors gets opened and the same level is the weekly support of the support.
DISCLAIMER - I AM NOT A FINANCIAL ADVISOR, ITS JUST A VIEW AND NOT AN ADVISE.
A trendline breakdown keep an eyeTrendline from May 2021 has been broken on 24th January but breakdown candle was not a high volume candle so it might go in sideways
Also i am seeing taking support on 100EMA line a close below 100EMA line or a close below 1420-1400 can open a way for more downside
CDSL - LONGCDSL - On an Uptrend - Price 1467
Has been Consolidating around the same area for the past 5 months
Cleared a small resistance .
Major resistance around 1600 .
Can add with DCB of below 1280
CDSL NEAR SUPPORT LEVELFor the past 4-5 months CDSL is trading in a parallel channel recently it had broken it but then rises back the lower band level. Now one more time it has been broken and now it is near to its horizontal support (major support). This support has been previously acted as a resistance level and recently as a support.
Considering the above signs, It can act as major support here and we may see a reversal from here (Considering todays closing). Target can be taken as a lower band of parallel channel. Refer chart for a clear view of my thoughts.
Thank you for reading.
Another BO Attempt at long consolidation rangeAnother BO Attempt at long consolidation range.
Keep an eye
CDSL going to touch 1900 level soonOn the Weekly chart, the Share breaks the major resistant level near 1500. After more than 4 months of Staying between range and breaking it on a weekly level. If he holds it and momentum continues as per the chart then it going to test again at 190 levels in the near future on the basis of Fibo. level.
Short term target is 1640 from the current level
Long term target is 1900 in 6 months
CDSLSell below the trade line, please check your chart or analysis before taking any trade this is just for educational purpose.
CDSL testing the patience of its bullish investors may soon popThe stock has not seen its glory days since July of last year and has tested and broken its highs only to dissapoint..however, chart wise it looks to be poised to do something, preferably on the upside, if it manages to trade above 1635 for a couple of days then we can see target of 2050 plus in the coming weeks, I would keep 1575 as my stop loss, it will need a booster shot of the results which are a week away for such to happen ofcourse, technically it seems ready to make that move
CDSL: LIC driven longIf you as me one stock that wold benefit from upcoming LIC IPO, that would be CDSL
Short Term target 2000
Long Term Target 3100
SL 1400
CDSLTechnical analysis based on Trendlines & Price action
Use it just for reference and do your own analysis
CDSL trading at trend line supportCDSL trading at trend line support. Daily Chart. Possible for upside of 30%.
Target 1795 on breakout.Triangle pattern. Breakout most likely. Breakout failure on 15 Dec. Triangle pattern honoured again. Target 1795 on breakout.
Chart Analysis of CDSL (16 Jan 2022)CDSL
It is a provider of depository services.
Ascending Triangle breakout done.
Finally able to give best weekly closing ever.
Target : 1872,2332
SL : 1550 WCB
Only for educational purpose. Not a recommendation.
CDSL BREAKOUTBeautiful chart. Cdsl again on resistance. Triangle formation. Perfect for breakout trade.
CDSL Cmp 1609 dated 13-01-2022CDSL Cmp 1609 dated 13-01-2022
1. Channel support @ 1510
2. Triangle BO
3. Volume Increase
Buy for a tgt of 1675-1745 SL 1535
Higher tgt of 1870-2100 SL 1450
It is just a view, pls trade at your own risk.
Buy Today, Sell Tomorrow: CDSL for more than 5%DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
CDSL - a perfect buying opportunityCDSL was consolidating since sometime and now it seems that consolidation time is over.
With good volume, CDSL about to give a breakout.
Ascending triangle breakout can be very good for giving quick gain.
RSI is also at breakout level and is >60 showing good momentum.
Disclaimer: Pls invest at your own risk.
CDSL Simple tradeLet price touch 50 ema or this trendline and we can open a position. Closing daily candle below trendline close the position.
One can hold this stock for the long term as well.
DISCLAIMER: For education purpose only, do your own analysis or consult your financial advisor before taking a position.
