Central Depository Services chartCentral Depository Services chart analysis for intraday and swing trading
CDSL trade ideas
[Diary] CDSL Current OverviewPlotted the techncial entry and exit points as requested. (I won't take it as it is nonFNO.) As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
CDSL Long CandiadateHere we can see breakout at 510 So here it is retesting breakout. It is best setup to play positional with SL of Clbs 499 for the target of 560++.
Breakout was with huge volume also.
CDSLThe stock has a good support cluster at 505-510. The stock has given a consolidation breakout should extend 550-560 zone
CDSL AT RETESTING LEVELAfter a breakout price came to previous resistance which is retesting level and formed a engulf candle . good sign for bullish movement
CDSL - High Probability Flag TradePrice broke the all time high and has given a pullback, the price is currently at a confluence of factors :
1) Price is retesting the previous breakout zone (Resistance acting as support)
2) Price is taking support at the 9 day EMA
3) Currently price is also taking support at 0.5 Fibo Level
This can be a high probability trade above 537, close above which will also confirm flag breakout, first target 566 and flag target is approximately 100 points sl below 505 on daily closing basis.
DISC: VIEWS FOR LEARNING PURPOSE ONLY
Ascending Triangle, Swing Trade, CDSLRecently the ascending triangle pattern formed by CDSL is broken and the support is retested. Being on a bull run and fundamentally good stock , a continuation of the bull run can be expected. Holding time might be more and you can trail SL according to your risk management.
CDSL- bullish breakout with volume --- stock to watchCDSL- bullish breakout with volume after long consolidation --- looks good to enter .. stock to watch for in coming days .
