CDSL trade ideas
CDSL broke out of consolidationNSE:CDSL has broken out of a long consolidation with a gap up last week. If this breakout sustains then it has the potential to take the price to 1950 levels based on the height of consolidation triangle. Volumes have increased but they're not too impressive. Chances are it might retest the upper line it just broke but it momentum continues then it might keep going up from here.
Volatility Contraction Pattern in CDSLVolatility Contraction pattern or VCP
VCP - Volatility Contraction Pattern is not a separate pattern from a cup with handle, power play, inverse H&S, double bottom, cup completion cheat (3-C), etc... it's a characteristic of the patterns. Yes, it does map out a "pattern", but it can occur within any of the above. - Mark Minervini
CDSL - LongLong CDSL for a very good healthy uptrend
has potential to go further high, keep a very small SL of 150 points
CDSL: getting back in form?Inverse H&S pattern on Daily TF, resistance of 1436-1440 is right above it, need to sustain above this, if does the next target will be all time or even more ;)
CDSLStrong upmove above 1440 if moves down add from 1350 -1300 level upside targets on chart mentioned
CdslPicture perfect triangle pattern in making, wait for the right time to enter. Can go long and short as per the breakout or breakdown
CDSL #tradethepattern
Stock is in bearish mode in higher TF
So get out once you achieve the pattern target, if price breaks out
Bullish NSE:CDSLBuy = 1360.3
SL = 1276.55
Target 1 = 1527.8
Target 2 = 1611.55
13/09/2021
Bullish NSE:CDSL-->Central Depository Services (India) Ltd
Buy for short term
Standing strong with a long biasCurrently standing strong after a rebound from 50% retracement level.
With strong fundamentals and a good future prospect, CDSL, despite a high valuation is still holding the multi-bagger tag.
Currently forming a symmetrical triangle. A breakout and it will rally for another 20-25 %.
Look at CAMS with a similar tag.
You may also check out the recent video on my linked youtube channel, as to why CDSL is an Investor's Favourite
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
CDSL Making Ascending Triangle Pattern In 1 Hour Time FrameThis is a make or break pattern for CDSL for trading in coming days after series of upper circuits in past few days, if it breakouts we can expect levels of 1470 and beyond and if it breaks down the support is at 1344 levels.
CDSL falling wedge patternAfter a huge rally the stock has corrected around 35% and made a falling wedge pattern .
A swing trade can be initiated once the price gives a closing above the trendline , can keep a SL slightly below the support trendline .
The Risk Reward ratio of 1:5 is very favorable and also the stock is fundamentally strong for long term as well
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I'm a beginner . I'm just sharing my views .
CDSL LongIts simple, as long as Zerodha the leading broker in India continue to open demats with CDSL this stock will out perform.
This BO wallet is a proxy bet on the discount broker.
Platform + High OPM and GM Expansion will lead to explosive run in this counter.
Cdsl Flag breakout!!!Cdsl flag breakout
Sl below 1150
After good consolidation from all time high again Cdsl started his journey
It's inverted flag
Sl will be below 1150
Cheers!!!
Ready for Bull run. CMP 1258. Golden chanceCdsl is a duopoly stock along with nsdl. It was consolidating for many days in a swing 1150 to 1200. Now it has broken out. In fact it broke out before two days today retested and broke again. This is golden opportunity to enter ans make some cash.
Date ; 08 sep 2021
CDSLLong for 10 days
Buy- 1201-1210
Tp- 1559.45
Sl1- 1162.25
Sl2- 1084
Stock outperforming bechmark index and sectorial index.
Macd & Rsi positive
CDSL Rising Channel FormationThis is technical Study of CDSL, Long term targets for CDSL are 1500-2000 levels, so current levels are good to accumulate.
It has already given a run up and has finished its Correction at 1150 levels, currently going sideways creating higher lows and equal highs.
CDSL Rising Channel PatternThis is technical Study of CDSL, Long term targets for CDSL are 1500-2000 levels, so current levels are good to accumulate.
It has already given a run up and has finished its Correction at 1150 levels too, currently going sideways creating higher lows and equal highs.
About to break the TRIANGLE pattern.Wait for the break out to happen and then take the action LONG or SHORT.
It is in the consolidation over a month now.
Just for the purpose to put it in the close watch, before taking an action create GTT.
Thank me later but I welcome every one to view this chart.
