CDSL - Finally coming out of the woodsThe stock has been in a down trend for nearly 18 months. It has been moving is a wide downward channel. Now after recovering from the bottom of the channel . making higher highs,
consolidated for some time around the 30 week moving average and moved past the 200 ema.
Now attempting to move out of the channel. Good volume support is seen. Relative strength, Money Flow and Buying Pressure are turning positive. Looks like the the stock is finally out of the woods and could move up.
CDSL trade ideas
CDSLMake falling wedge chart pattern in 4 hour time fram take break out at resistance level make retest at that that level , take support of 50 EMA that's bullish Sign , MACD also saw fair value so first Target will be 1165.55 and Stop loss will be 993.05
This is for educational purpose not a trading advice so that's my view comment down your view ๐ค
predictive analysis in wcbNSE:CDSL presently trading around 50% retracement zone of drawn fibonacci retracement levels. may take reversal from hereon after spending sometime here at this zone. is it time for accumulation or wait n watch??? comment your opinion below.
Disclaimer - This chart analysis is only for educational study purpose. Do proper research before trade/investment or consult with your financial advisor. This opinion isn't a trade/investment recommendation. SEBI unregistered.
CDSL Positional Buy ideaNSE:CDSL has break major resistance of 935, my idea is to take entry when price come at 944. Stop loss will be 895 (-49 Points Risk). My expected upside target would be 975 and 1005. It may take 5-6 days to get the targets.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
make or break time for cdsl NSE:CDSL
it is now trading in such a narrow range for some time i think a breakout on either side ie 1150 on the downside and 1250 on the up side will make it clear where the stock is going no need to be a long term investor go with trend only. there is nothing so special about this company that it cannot trade on lower price to earning valuation. if there is no significant increase in net profit in next quater and the stock starts to trade below 1150 ,1160 i do not think one should hold on to this stock for some fantasy long term story i will be buyer only if it trades above 1250/1260 for 1/2weeks or more