CDSL trade ideas
Cdsl showing good momentumVIEW=BULLISH
GOOD momentum
strong breakout
BUY ABOVE 1610
sl=5%
PLEASE FOLLOW FOR MORE
Best of luck
CDSLCDSL - Pull back to retest zone.
The stock seems good to make new highs from here.
One can go long with a SL of 1260
CDSLThe stock gave excellent breakout with huge volume, swing traders can take position while sustaining on trendline by end of the day.
I have shared my analysis in my mentor's swing group PRICE ACTION CHART.
One can go long above Trendline with SL of 1295
High Tension Lines In 1 WTF//CDSL*Let it cross the 50 EMA with confident volumes in 1 DTF!
*The trend may go Up-Wards or Down-Wards, because of that we are supposed to follow strict SL.
*There is lot of bearish candles before in the trend, but I see something is changing in the trend!
LET'S WATCH!!!
CDSL - Volatility compression breakoutCDSL - I can see a volatility compression breakout here.
The Expansion can be huge, if it sustains.
CDSL - Volatility compressionCDSL - Volatility compression goin on
There is an extreme volatility compression going on here, after which it has to expand. However, we do not know which side will CDSL expand.
Keep this set up in watchlist.
Might give quick gains.
CDSL Trend AnalysisPrice has formed a Head & Shoulder Pattern with declining volume suggesting price is heading towards the technical target of H & S pattern which is around 650 level.
Fundamentally sound but CMP is more than 10 times its book value, better to buy when PE will be around 20-25 levels
Key support level and golden FIB zone will add more confluence to 650 odd levels.
Better to accumulate around 600-650 levels for the following targets:
Short term swing target @ 970 (51.5% ROI with 3.67 R:R)
Medium term swing target @ 1240 (93.75 ROI with 6.75 R:R)
Long term positional target @ 1555 (143% ROI with 10.17 R:R)
Stop loss around 550.
Do your own due diligence before taking any action.
Peace!!
Cdsl support and resistance Wait for traingle pattern break
Next support on chart given
Stock on down trend
CDSL LEVELS...12/04/2022 (D CANDLE)CDSL now in golden zone, once its breaks then correction will expect otherwise 1550-1600 possible in short term
CDSL 10% Discount PossibleCDSL 10% Discount Possible from Current Price
One Gap @1360 and best buy price 1285
BO in CDSLCDSL giving BO of Double bottom structure.
After respecting 200 days EMA
Which is a good sign for further performance
CDSL - Important
Any breach of this parallel channel will lead to fall up till 1140 - 1200 levels.
The green zone drawn below (1140 - 1200), is an addition zone for the stock.
Totally unexpected!
The results were very good and with the coming up of LIC IPO, CDSL should out perform, but inverse is happening.
LESSON LEARNED - What seems obvious, is clearly not going to happen!!
CDSL ANALYSISFlag and Pennant Pattern on a downtrend seems bullish but we will wait for a confirmation
Entry stop above 1507
Upside Targets: 1573-1580, 1627-1630
Entry stop below 1486
Downside Target: 1415-1420
CDSL trying for big breakout CDSL is at a critical resistance level and has been trying to breakout these 3-4 times in last few months. It's in ascending triangle pattern, which is considered bullish. If the daily candle is fully above the resistance level for 2 consecutive days, it will go big, else come back in triangle for further consolidation.
CDSL looks ready to FlyThe chart is pretty self-explanatory.
Also, Looking at the bullish reversal of the market and the hype for NSE IPO (the reason why BSE is crossing new highs), CDSL should be the next in line.
Follow for more - CA Imran Wasta | The_Chartereds
Trade at your own risk.
CDSL LOW RISK BUY SETUPPrice of NSE:CDSL is currently at the support of a channel pattern.
Trend of the stock is very bullish. This setup is low risk/high reward(if stock breaks out of the channel pattern)
Analysis is purely price action based.
Follow strict risk management. Happy trading!
Stock Analysis - CDSL - Breakout formedStock Analysis - CDSL:
My Analysis - Daily Timeframe:
1. Increasing support found in the bottom of Ascending triangle - marked in pink color UP arrow
2. Flat Resistance level (Rs.1580) - marked in Orange color down arrow.
3. Rs.1666 - found to be breakout point as it is the 2nd green candle formed
4. Expecting 10% upside rally - Rs.1850
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
fresh breakout in cdsl20% upside from current level going like a rocket. strpong fundamentals with strong technical structure
