CDSL | Flagpole | NSDL Files for IPO
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL.
(We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.)
Now CDSL:
• In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of which is already done.
• The 1000 level + 50% Fibo level provided support during its momentum.
• Volumes increased during the rally, which is a positive sign.
• It faces a crucial resistance zone the break and sustenance of which will be necessary.
• Now if you are worried about the funds flowing to NSDL, Remember what happened to BSE when NSE announced its IPO – it literally doubled in value. NSDL's valuation will play a crucial role in boosting CDSL's momentum.
• Duopolies, like Ola and Uber, Airtel and Jio, Swiggy and Zomato, Amazon and Flipkart, tend to fare well. CDSL and NSDL too can coexist.
• Do you know who else can and must Coexist? YOU and WE! Follow us for such interesting Case studies.
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation 🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
CDSL trade ideas
“Decade-Long Investment in CDSL: A Pathway to Multibagger ReturnCentral Depository Services Limited (CDSL), one of India’s leading securities depositories, presents a compelling investment opportunity for long-term investors. Holding CDSL shares for a decade could potentially yield multibagger returns, given the company’s robust financial performance and the growth trajectory of the Indian stock market.
Financially, CDSL has demonstrated consistent growth in its revenue and profitability over the years. Its strong business model, coupled with a wide moat in the depository services sector, provides a solid foundation for future growth.
Moreover, the growth story of the Indian stock market adds another layer of optimism. With increasing financial literacy and the rise of digital trading platforms, more Indians are participating in the stock market than ever before. This trend is likely to continue, driving higher volumes of dematerialized securities - the core business of CDSL.
Disclaimer: However, like any investment, it’s important to conduct thorough research and consider various factors such as the company’s financial health, industry trends, and market conditions. Investing in CDSL, or any stock for that matter, should align with your financial goals, risk tolerance, and investment horizon."
"Above are my personal view and I am not SEBI registered"
CDSL C&H PatternVolume Growth
Trend line support
Central Depository Services Limited is a Market Infrastructure Institution (MII), part of the capital market structure, providing services to all market participants - exchanges, clearing corporations, depository participants (DPs), issuers and investors. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions
Weekly and monthly breakeout stock or soon to be break outCDSL stock trading on NSE might going to have break out as on monthly and on weekly time frame it is showing that another 300 to 400 rs move can come . once its going to close on 2070 with volume . RSI is value is high but once value in RSI increase further move can be expected
CDSL Long Target 1980CDSL Long Target 1980
After the block deal is completed, CDSL is moving up firmly and decisively.
A break above the red sloping TL will lead to a target of 1980 as there is a 3 drive (3 green dots highlighted in the chart) and a break above inner TL (red sloping TL) will lead to a target in 2 months timeframe
CDSL UPDATED LEVELSAttention dear Traders!
Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor
Trading is like riding a rollercoaster blindfolded. It's thrilling, but you never know when you'll hit a loop-the-loop. The stock market is as predictable as a cat on catnip, and past performance is about as reliable as a weather forecast in the Bermuda Triangle. So, don your financial life jacket, do your own homework, and maybe even chat with a real human financial advisor.
Remember,Trading with your money is serious business, but it's okay to chuckle as you read this.
CDSL IMPORTANT LEVELSAttention dear Traders!
Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor
Trading is like riding a rollercoaster blindfolded. It's thrilling, but you never know when you'll hit a loop-the-loop. The stock market is as predictable as a cat on catnip, and past performance is about as reliable as a weather forecast in the Bermuda Triangle. So, don your financial life jacket, do your own homework, and maybe even chat with a real human financial advisor.
Remember,Trading with your money is serious business, but it's okay to chuckle as you read this.
$CDSL should be range bound between 1739 and 1920?Good news is the sell off on 12/20 was with a low volume and did not fill the gap all the way to 1826 but the sell off stopped just at the prior gap 1739. So buyers may get inspired by that move and may come in tomorrow or later in the week if no follow up action from sellers. The bad news is - it pierced through quite a few potential support in a single session, meaning buyers are not strong on this stock. My guess is now the uptrend line - that indicates around 1920 level this week will be the upper bound for this stock after the heavy sell off on 12/20 and buyers may come back at around 1735 level.
CDSL for Swing/Positional CDSL Prediction for Swing/ Posional Trading
First breakout at Entry 1 level and this entry 1 retested. You can entry now . There is a resistance 1545-1670 level. You can enter in trade at Entry 2 level above 1360 or above Entry 3 above 2045 close weekly basis or you can entry at any of the above levels according to your experience.
SLs- 1100,1050 ( according to your entry and RRR)
Targets- 1360,1545,1670,1695,2045,2340,2535,2590,3030,… .
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About CDSL –
Central Depository Services (India) Ltd. engages in the provision of depository services. It operates through the following segments: Depository Services, Data Processing Services, and Others. The company was founded in February 1999 and is headquartered in Mumbai, India.
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