CDSL ready to break out of the triangle patternCDSL has been trading in a ascending triangle and the candles being squeezed. you can expect breakout with volume burst from here.
Idea shared for educational purpose, not a investment advice.
CDSL trade ideas
CDSLDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Cdsl is again ready to fly CDSL is looking good to go long after forming a small red candle a bullish hammer green candle is formed and close at day high which is a good single to go long again for 100 to 200 points.
Disclaimer:- This is only for educational purposes do your own analysis before investing hard-earned money.
Long in CDSLCDSL is currently a monopoly stock and its in uptrend since its listing, now it had given a opportunity to long this scrip. It had bounced back from the two supports 21MA and a majot trendline. It's a fundamentally sound scrip too, i expect this scrip to 1700-1750 levels very soon. Swing traders may have an eye on this scrip, one may add more quantities acter the breakout if you're a investor then you may buy this scrip whenever there's a dip. Im bullish on this scrip for next 3-5 years.
CDSL longCDSL has formed a bullish pennant,
Closed today with bullish engulfing.
Note : Educational purpose only.
BREAKOUT COMING IN CDSLMarket Cap
₹ 13,249 Cr.
Current Price
₹ 1,268
High / Low
₹ 1,579 / 442
Stock P/E
60.8
Book Value
₹ 83.9
Dividend Yield
0.71 %
ROCE
32.4 %
ROE
25.0 %
Face Value
₹ 10.0
CDSL Forming Head and Shoulder Pattern Buy CDSL when awaiting 4th attempt to breakout the resistance with great volume.
CDSLDownward trendline in the making, I'm neutral but definitely a good stock fundamentally.... wait for price action
CDSL 🚀🚀Good For Investment Purpose
Buy at - 1150 at Support
Sell -1433 Approx around Resistance
25 % Profit 🚀🚀
you can also Go for Long Term Investment purposes.🚀🚀
CDSL - Long - Falling Wedge PatternHi Friends,
We are going to analysis script CDSL.
CDSL was forming in a Falling Wedge Pattern and where the script was currently in the Dynamic Support EMA50 and EMA79 Range.
And it was retested the Support Level of 1101 and retraced. As per the FIB Channel level it was in the 61.8 retracement level.
Now the script retracement move was completed and it like to move high.
Stochastic RSI of Daily TF and Weekly TF are in the Oversold Range
MACD in Daily TF and 2HR TF was in the Low range and Weekly TF was in the High.
CPR was in the Bullish Bias and Price in near the support of the CPR.
Volatility was High as per the ATR.
Pattern was Bullish Flag or Falling Wedge .
Based on the above, we are bullish on the script.
Buy: CMP
SL: 1102 - 1ATR
Target: 1575 + Up on Which Trail Your SL based on the trend.
FIB Channel:
Stochastic RSI:
MACD:
CPR:
ATR:
BuyCDSL -Reverse indicated to Primary trend line ..
Target1 -1424
Target2 -1478
SL - When primary trend line breakdown then exit
CDSLOne of my favorite stock to HOLD.
Fundamentally:
Company has maintained a good ROA of 13.03% in last 3 years.
This company has been maintaining a healthy ROCE of 20.18% since last 3 years as well.
cdslrounding bottom formation.....previous breakout retest and marobozu candle..there is a resistance at 1420 to 1430 levels
CDSL chart AnalysisCDSL Is After long Rally correction over ,And supported long term trend ,and also breakout down side corrective trend now price expect upside 1410 in short-term and 1700 in long term
CDSL - Zerodha PlayLike every peak bull market, many new participants want to join and try their hand at investing. CDSL seems to be growing at a record pace thanks to Zerodha who uses their services. So the more Zerodha grows the more CDSL will grow as well and its happening iat a brisk pace.
Watch for a fresh move in the stock post consolidation
Long above 1277 with a SL below 1180.
CDSL BREAKOUT - TARGETS MENTIONEDMoving Averages Crossover - Confirmed
Fibonacci Retracement Support Taken At 0.618 Levels
Volume Dry Up
MACD And RSI Rising
$CDSL.NSE #CDSL $CDSL.NSE #CDSL - could show some upwards moves just long as it can hold 1140 as SL with targets of 1260, 1300 and 1340.
