CDSL trade ideas
CDSL Breakout Of crucial resistance zoneOverall trend is very bullish future looks good of this corporation from this point of time we can see a continuation of the trend.
ASCENDING TRIANGLE FORMATIONAfter a good bull run it was in good consolidation and has formed ascending triangle.
After breakout can give 7-10% returns
Stop loss can be placed below trendline or 1300 on closing basis
CDSL - Potential breakoutPotential Ascending triangle breakout, 15w high close with surge in volumes augurs well for this stock.
T1 - 1575 |T2 - 1725
CDSL - 3mth VCP patternBUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Breakout Candidate- CDSLHello all,
I have found a interesting setup which I want you all to study, learn and make a view.
We all know that CDSL is a good fundamental stock and owing to that it saw a really good uprun in the bull phase of the market and then went into time and price correction which I consider as healthy.
Now, after correcting and spending a lot of time in the sideways, it seems to be building up for the next move.
The chart is forming a VCP pattern with consecutive higher lows. Has tested the resistance line multiple times (the more it touches the weaker it will become). I would also want you all to notice that it is consolidating nicely this time close to the resistance line and seems ready to take off the resistance this time with full power.
Acc to me, the setup seems good to take a position here to get that first mover advantage. I would also request my friends @varadtambolkar and @vorayash05 to give their views on this setup.
You guys also give a study to this chart and comment your views on it.
Like I always say, together we can all learn and earn :)
Happy Trading!
Breakout above 1435, 2000+ possible
At trendline support
Support 1250 levels
Targets of 2000+ possible
CDSL IdeaCDSL making Head and Shoulder pattern, Traders can enter after Fib reversal of .618 from Previous Low.
diwali call buy CDSL on CMP forming symmetrical triangle pattern wait for breakout buy above 1400 and also CDSL shown very good result on 30th october 1st target 1600 last one 2000
Simple Positional Long/Buy trade setup | CDSL | Short-Mid TermNSE:CDSL
Observations:
1) On daily time frame, we can see 50DMA is working as support.
In last session, It took support from it closed with bullish candle.
So Major support range is 1290-1300 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, we can see that it is taking support from major support trendline.
And also it has formed symmetrical triangle pattern.
If it breakout upward then it will be bullish.
If it gives breakdown of support trendline then it will be bearish.
Please refer below chart : 1day Time Frame.
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In this stock it is better to take positional trade. Below is the levels and setup for only long positional trade setup.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
CDSL Near Support ZoneCDSL is near the demand zone.
RSI also Supporting with Higher Volume
Long in CDSL @CMP
CDSL STILL STRONG#CDSL is a fundamentally and technically strong stock.
Adaptive Relative Strength and the Static Relative Strength
both are positive on DAILY Chart of @in_tradingview even in the
negative market.
When it will cross 1400, It will move upwards towards 1500 level.
Note: This idea provided here is just for educational purposes only.
Please consult your financial advisor before taking any trade.
CDSL - Seems ready for the next burst up?Category: Triangle Breakout
Key Highlights:
1. Bullish market structure on HTF.
2. Bullish flag and pole/triangle pattern consolidation happening.
3. Bullish volume is higher and weak non-patient hands are getting out.
4. Direct beneficiary of the increased equity share.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Abhishek Singh (@Abhishek_TradersSin)
~ Middle-class IT Employee trying to simplify Technical Analysis.
~ Do follow and like if you like the work.
cdsl traingle break out expectedI have seen the triangle pattern in this stock I hope this will make a big move in the future and it's just an idea which I am sharing,its not the buy recommendation
CDSL LONG VIEWCDSL LONG VIEW
Good Bullish pattern now accumulation near resistance
Looking towards a good breakout
Buy at/above 1440 SL: 1220 Targets: 1700/1800/2000+
Short Term View
*Educational purpose only
CDSL Cmp 1395 dated 26.10.2021CDSL Cmp 1395 dated 26.10.2021
1. Ascending Triangle Pattern BO @ 1446.
2. RSI Divergence.
Buy above 1400 for a tgt of 1445-1555-1775
Short term SL @ 1335
Long term SL 1270
It is just a view, pls trade at your own risk.
CDSL to take long entryLong CDSL between 1380-1390. All levels given on charts. let;s wait for the right entry. Stock forming higher highs & lower lows & very high probability to BO from the zone very soon. This is for your educational purpose only.
