CDSL trade ideas
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 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 .
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
Duopoly stock for future - buy and forgetalong with nsdl, cdsl is the only company in the industry with very good fundamentals, zero debt company with huge growth potential. buy and forget kind of stock.
on 25/08/2021 if the price doesn't break down below 1050 then the next target is surprisingly good. 1250 is the target in another couple of weeks.