Reasons to go long in NDL:
1) Base over base formation in daily timeframe.
2) Retest at neck of cup and handle in weekly timeframe.
3)Retest at neckline of Inverted H&S in daily timeframe.
4)Volume Confluence(Increasing in the trend direction and decreasing at retracement).
5)Multiple Timeframe Confluence.
Disclamer: I am not a SEBI registered advisor. This is...
CSBBANK earlier gave a breakout by forming cup and handle pattern(weekly) with a decent volume spike, and now it is back to the breakout zone(demand area) and has formed a hammer candle on weekly chart. Expecting a reversal.
You can trade accordingly as per your risk appetite.