CDSL trade ideas
CSDL - Bounce at 21 EMANote: This is for educational purpose only.
There seems to be a bounce from 21 EMA with good volume. RSI above 60 indicates bullish momentum.
Multi Bagger Stock, Gave 160% return in 6 months & more to comeCDSL
CMP - 487.5
For Short Term (30 Days)
Target - 520, 540
Stop Loss - 470
For Long Term (1 - 2 Years)
Target - 600, 800, and 1000
Note - Long Term investors keep an eye on the Results and Stock Related News.
CDSL Stock is making HH and HL. Can continue to scale up higher. Targets of 475, 500 in 2 to 3 months timeframe.
Good profit booking in CDSLOnly for educational purpose only. Looks like some decent profit booking in CDSL. Today's price-volume would be important to watch.
Buying opportunity after retracementObservations:
1.) "+" Shows strength candles.
2.) Higher High + Higher low = Accumulation
3.) CDSL has moved out of the channel & also it is on 61.8% Fibonacci Retracement. There I expect small correction before it continues its rally.
4.) Rs 368 can be tough resistance in the short term, where I again expect some consolation before moving towards are future targets.
5.) Significant increase in volume in the past few weeks.
Trading plan:
Probable entry at 320-322 can significantly Increase the Risk to Reward ratio.
T1:400
T2:430
SL below the recent low
BackEnd PlayExcellent Business Model. Good Growth prospects considering Equity penetration is still low in India.
CDSL : DTF : Nice long term trade.. Wave analysis suggest a good long term BUY is developing.
Go for it.. it might go further up to 500+ levels too..
Good for investment.
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CDSl 'Wait for afternoon'it seems that the stock will go up slowing and slowing,gaining profit. the RSI is oversold so wait for afternoon and buy it afternoon. hold position for 1-3 months
CDSL Given Breakout above The Resistance #CDSL : one of the two depository services in India Listed on NSE . #cdsl #bullish #breakout #nseindia #technicalanalysis
CDSL Breakout from resistanceThere is breakout in CDSL at the level of 290.
You can initiate a buy at current levels and wait for the targets to achieve 375.
The chart is forming higher bottoms and also there is volume addition.
The analysis has been done on weekly time frame so time to achieve the target could be 3 to 10 months.
Make sure to keep a stop loss of 275 on closing (weekly basis).
**ideas are my own***take risk as per your risk taking ability**
my observations on CDSLCan expect 10 points due to good quarterly results and have to decide at the resistance line.
CENTRAL DEPO SER (I) LTD Analysis 27.07.2020Buy above 327
Target 341
so wait for better conformation.Only above 327 only buying mode started.
