CDSL in make or brake situationCDSL after making divergence heading towards 38.2% ratio (rule) after continues uptrend it took pause now if this took support 14% then next destination is 38.2% so check chart and take entry ...
CDSL trade ideas
CDSL - Important zonesKey highlights:
- Sitting in the monthly demand zone
- Can give a positive reaction if buyers turn up
- 200 weekly MA is just 4% below the monthly demand zone. Hence, we may see a deviation as well.
- HTF structure is bullish
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
CDSL▸ Posted about this stock plenty of times
▸ Strong weekly closing with rising volumes
▸ Confirmed new uptrend
▸ Should hit 1400 in the short-term
▸ Possible new ATH in the next 2 quarters
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
CDSL Analysis After BSE niw it's turn of CDSL to blast, volume spike seen in stock, follow chart for proper support and resistance levels.
Reverse head and shoulder pattern in CDSlCDSL : Reverse head and shoulder pattern formed in CDSL.
Stock has closed just abovethe neckline. Break out has happened with the good volume. Stock can give potential move of upto 30% in coming months.
We can keep the stock in our watch list for Swing Trading.
CDSL - Ichimoku BreakoutStock Name - Central Depository Services Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1294
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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CDSLOn daily and weekly charts, there is good breakout with huge volumes and on daily RSI, there is neckline breakout of inverse H&S pattern indicating bullish upmove in the near term. Target should be 1450 with SL of 1200.
#CDSL (W) Cup & Handle Pattern BO#CDSL (W)
- Strong Breakout Candidate
- Cup & Handle Pattern BO
- Trading in a HH-HL Structure
- Strong Bullish Momentum
- Massive Volume Buildup
- Sym. Triangle BO on bigger TF
- Looks ready for 1440/1600+ levels
- TF ≈ 3-4 months
#Investing
CDSL BREAKOUTTrend line breakout combined with cup and handle setup
Volume accumulation
RSI above 60 and rising
Above EMA 40
Favourable risk reward ratio
Can CDSL catch BSE?Normally the exchange related stock are positive correlated. BSE already at roof. So, the question is can CDSL do the same?
Technically
1. CDSL has given a flag & pole breakout on 8th Sep' 2023 after nearly a retracement of Fibo 0.68
2. RSI creeping back to 70 on weekly charts. Thus, showing a very high strength by the bulls
3. Positive MACD with gaining Histogram suggest upside move likely
4. 20EMA cross 50EMA. Thus, confirming the above view.
In short term CDSL may face some resistance near 1410, breaking and sustaining above will likely to extend the rally like BSE that will take the stock to 1694 as T1 and long run we might see it moving towards 2600
CDSLCDSL-- had a good move this week and closed above the supply zone with a good volume. Maintain SL as mentioned on the chart.
Buying opportunity on CDSLBO on weekly charts
Good Volumes
1:1.5 /2 RR ratio
Keep Trailing and manage risk
CDSL breakout with high volume High volume seen in last 3 4 trading sessions, could hit 1400 levels and then 1600 levels,
Good stock to watch out for in upcoming week..
Coming out of a big set up📌Strong #Breakout
✅Keep an Eye
CDSL (Weekly chart)
+ Coming out of a big set up
+ Validated with high volume
+ Above Key EMAs
CDSL - Bullish Swing ReversalNSE: CDSL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
CDSL CDSL (Weekly TF):
-It has given Breakout from chanel and has also re-tested the chanel
-As per Wykoff study, there is Shortening of Thrust and along with SOT, there is Reverse use of trendline
-On confluence support of 20 and 50 Weekly Moving Average
-Along with this, there is .50 Level Fibonacci support level
Note: The above analysis is just for educational purpose.
CDSLTradeline Breakout Strategy
Tradeline with CUP Pattern
Long Time
BUY : CDSL
CMP : ₹1228
Breakout Price : 1247
Targate 1 : 1438
Targate 2 : 1600
Targate3 : 1686
CDSL +WW and good movement#CDSL adding for 1440 CMP 1258 SL 1180. Showing a very strong movement after bottom formation and in +WW.
#CDSL inverted head and shoulder#CDSL inverted head and shoulder
making right shoulder
if fall from resistence zone
#centraldepository
selling zone 1251 to 1289
after sell it will come at 1041
1100 to 1141 demand zone
again buy for breakout
till 1500 to 1700
CDSLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
CDSL: Falling Wedge BreakoutFalling Wedge Breakout:
CDSL has fallen almost 34% since December 2021. It has given breakout from a falling wedge pattern on monthly charts. Rising prices are supportive of breakout in momentum indicators and volume supported price action.
CMP: 1110
R1: 1241 +11.45%
R2: 1457 +31.4%
Stoploss: 986.35
