CDSL ready for breakout Take entry at cmp 1280
Target 1522 and 1950
This counter already break downtrend line so now it is ready for major up move.
Be invested and hold it.
CDSL trade ideas
2000 to 4000 sooon Investment Pick
CDSL
Fundamentally a GEM
➡️ Biggest Depositary of India
➡️ Growing Business
➡️ Bet of India Growth Story
Technically it has just started its 3rd Wave and it will continue till Rs 4150 apx
Safe Investment with Target to DOUBLE in 3 Years
Slow and Steady wins the Race.🐢🐢
Mount 📈 weekly closing above that red line could possibly trigger 📈 to 2556 within 8th April 2024.
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
CDSLPast one year is forming a parallel channel
once daily closing above mean area then we may expect touching upper channel
Ascending triangle pattern breakoutGood volume buildup in daily and weekly time frame.
Ascending triangle pattern breakout with considerably good volume.
Wait for retest for conformation.
NOTE: I do my analysis, do yours before trade.
CDSL BreakoutMonopoly company
A business to last forever, never Die
CMP 2387
Weekly Breakout observed at 2317
Volume profile is super at Daily and Hourly timeframe
25% upside possible till Deepawali 2024
accumulation level close to 2300
Note: Not a Buy / Sell recommendation
Monopoly Business :- Strong Breakout with huge volume ✅The stock is breaking out from an ascending channel, signaling a strong upward move. Strong support around 1900 levels due to the trendline. The breakout suggests a potential move towards 3200+. RSI is at 73 showing strong bullish momentum. MACD histogram is positive, supporting the breakout with bullish signals.Huge volume spike confirms strong buying interest and bullish sentiment, backing up the breakout scenario.
✅A leading player in the depository services sector, the company has a strong presence in the Indian market. Continuous innovation and expansion provide a competitive edge. The depository services sector is experiencing robust growth driven by increased market participation and digital transformation. The company is well-positioned to capitalize on these trends
CDSL - BUY for LongtermCDSL is a great stock and is now monopoly (duopoly once NSDL is listed). If is down 17% from ATH and is a decent price to enter/accumulate at this level. If it falls further, it can be averaged. Book partial profits above 2600-2800 price.
Central Depository Services Ltd - Long Setup, Move is ON...#CDSL trading above Resistance of 1734
Next Resistance is at 2261
Support is at 1240
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CDSL Clean attempt for All time highA stop loss in the range of 2150-2200 can be kept for traders if you want to play this counter. NSE:CDSL has broken out and is trying its best for a new all time high. Looks very strong and the attempt is clean as well.
CDSL - Simple Setup Works (Case Study)Overview & Observation:
1. Setup was based on a simple Breakout ad retest entry.
2. With Less than 10% SL 1:2.5 RRR already achieved, a further 25% upside target can be taken after trailing near the entry price
CDSLBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
CDSLCDSL is a good stock, but it might go sideways. But there is a support level which I mentioned as Danger Zone.
Anything below that Danger zone level is a good opportunity to buy/average.
CDSL Bullish setupCDSL Is looking good in Parabolic Elliptical Breakout Pattern.
Can be accumulated till 2070.
Tgt expected
Tgt 1 : 2638±
Tgt 2 : 2778±
Shared it for educational purpose based on chart pattern and My STUDY.
Do your analysis from your side also.
This is not a BUY or SELL RECOMMENDATION from my side.
CDSLLooks like good days for #CDSL are coming back, the stock has given a fresh 52 week high closing with good volume spurt and RSI breakout.
After making a making high in Dec 2021, the stock corrected by about 50% from its top and seems to have gone under significant price & time wise correction. It is now moving up from confluence of weekly 20, 50 & 100 ema and has already given a counter trendline resistance breakout and retest.
CdslThis stock up move as per the below prediction
1.21 Ema above 50 Ema
2.50 Ema above 200 Ema
3.Price above 21 EMA
4.21 Ema retrace
5.Stock in unmoved
5.ROCE >15
6.Debt to equity<1
This is for the educational purposes
CDSL: Don't Miss the Boat!
Technical’s
After 2.5 years of consolidation , recently CDSL has experienced a channel breakout, then moved to stage- 1 & 2 breakout & consolidation. CDSL is now advancing towards a potential stage 3 breakout
There has been an increase in trading volumes since 27/03/24
Stock is trading above all key moving averages
Fundamentals
Posted stellar Q4 results – with highest ever EBITA,PBT and PAT in any quarter in company’s history
For the entire financial year 2023-24, CDSL reported a net profit of Rs 420 cr., marking a surge of 52% from the preceding year
Market Leader: CDSL is India's leading and only listed depository
CDSL had over 11.56 crore demat accounts in March 2024 showcasing its continued dominance
CDSL has announced a final dividend of Rs. 19 + a special dividend of Rs 3 per equity share- Pending for share holders approval.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
CDSL Will Blast from HereCDSL
What a result!
Technicals also good. Buy above the high of the friday.
Sl below 20ema
good to go.
SWING TRADE - CDSL CMP 1970
Buy on dips till 1880
SL CLB 1820
TGT"s 2050-2150-2200 & More
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Regards,
Naresh G
Sebi Reg. RA
