CDSL Cmp 830 dated 14.5.2021CDSL Cmp 830 dated 14.5.2021
1. Flag pattern on chart.
Buy above 830 tgt of 920 SL 795
It is just a view, pls trade at your own risk.
CDSL trade ideas
Ascending TrinagleCDSL is in a bullish trend overall. Now the stock has finally given a breakout of its range with strong breakout.
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CDSL seems strong on all this market situationWe can expect a strong upward move in upcoming time keep watch good luck
Long✌✌In Recent days as it Forming Unique Pattern and we expecting same pattern to repeat. Keep on your radar for Further Movement.
CDSL - Up-Flag on Daily ChartCDSL was in a consolidation since 8th April 2021. The consolidation was preceded by an up rally. This formed a price pattern UP-FLAG on a daily chart of this counter. The price gave an upward breakout on a daily chart on 27th April 2021 and closed at Rs. 780.75. I anticipate the price target of Rs. 896 and suggest the stop loss at Rs. 759 to be followed for the four daily candles starting from 28th April 2021. Thereafter the profit booking/ exit decision should be based on a downward crossover of 26 EMA by 5 EMA.
NOTE: This is an attempt to predict future price movements. Investment decision based on this idea, if any, shall be solely at the risk of investor.
CDSL made a perfect flag patternI have seen many types of flag formation, this type is my favourite as if you shift to any time frame it is valid and it formed in a strong up trend.
CDSLEarlier Triangle BO target reached and it has formed the new Patter of Flag
Flag & Pole size of 150 points
buy CDSL for short term gainMy idea is for educational purpose..
Buy CDSL @630 for more than 10% gain in short term from here.
Ascending tringle Breakout likely in CDSL at CMP or above 651the stock has been previously resisted at the similar price range and has formed a wedge. The bullish MACD crossover along with favorable stochastic RSI pattern, the stock CDSL is a positional buy above 650
CDSL - Wedge PopOne of the few stocks that stood out strong today and also having strong fundamentals. This stock seems covid proof as more people start to trade more this company has the potential to make money.
The stock recovered all its losses from the market moving down today and even attempted to breakout. The next attractive buy level here would be 609. SL 583 with anticipation of the stock moving to make a new 52 week high and keep up its momentum.
Disc: Got the stock today at 604.
This is more a short term trade with a low risk SL. If an intraday/2-3 day trader is looking at it the SL can even be at 598.50.
CDSL CDSL is in a bullish uptrend and has been falling since past 2 weeks. Stock is retesting on 9EMA levels and can also test 21EMA levels.
It has potential to reach ATH levels with SL of 475 WCB/21EMA NSE:CDSL WCB
