SWING IDEA - CDSL
Updated
Consider a promising swing trade opportunity in Central Depository Services Limited (CDSL), a leading securities depository in India, facilitating the holding and transfer of securities in electronic form.
Reasons are listed below :
Target - 2200 // 2400
StopLoss - Daily close below 1820
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Breakout from Strong Resistance at 2000: CDSL has successfully broken above a significant resistance zone at 2000, with a strong close, indicating potential bullish momentum.
- Bullish Marubozu Candle on Daily Timeframe: The presence of a bullish Marubozu candlestick pattern on the daily timeframe suggests strong buying momentum and potential upward movement.
- Breakout from 5+ Months of Consolidation: The stock has broken out from a consolidation phase lasting over 5 months, indicating a significant shift in market sentiment and potential for sustained upward movement.
- Spike in Volumes: A notable spike in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for CDSL.
- Trading Above 50 and 200 EMA: CDSL is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation.
- Higher Highs: The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains.
Target - 2200 // 2400
StopLoss - Daily close below 1820
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
A bullish marubozu is formed, we can expect a sharp up move in coming daysTrade active
Made a high of 5.5%Trade closed: target reached
Achieved 11.5% ++Note
consolidating, will continue upmove after we get a close above 2200Trade closed: target reached
2nd target achieved : 19.8%++Note
Achieved 26%+Note
new all time high, achieved 29%++Note
Achieved 40%++Note
stock was split 1:2.
we are up by 48%++
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