CDSL trade ideas
CDSL Flag and Poll "Breakout"CDSL has given "Flag and Poll" Breakout
The next Psychological & Technical target will be 1100 Level
By past analysis, it looks like CDSL will Consolidate at 1100 level now .
Risk to Reward favorable at least 1:2 can be taken .
Last Closing: 1034.75
Target: 1100
Stop Loss: 1000
Thank You
CDSL 45MINCDSl always tests resistance 2-3 time and then gives a breakout of 10% the retests the new support then give a long move of 20%. Currently it is doing the same already broke the resistance after trying for 5 times and recently making the double top structure and ready to give a upside moment, can buy now target are the green line and short at the red lines. Better for upside.
Time Frame- 15,30,45MIn
CENTRAL DEPOSITORY HEAD AND SHOULDERS LONG OPPORTUNITYCDSL CHART HAS FORMED HEAD AND SHOULDERS FORMATION ON HOURLY CHART. CHART HAS BROKE AND CLOSED ABOVE NECK LINE. CURRENTLY CHART IS TAKING SUPPORT AT NECKLINE WHICH WAS RESISTING BEFORE BREAK.
SO, THERE IS MORE CHANCE THAT WE MAY ACHIEVE TARGET AS PER HEAD AND SHOULDERS FORMATION OF INR 566 TO COMPLETE HEAD AND SHOULDERS FORMATION. SINCE THIS IS BULLISH FORMATION LONG TERM TRADERS CAN REDUCE THEIR STOPS AND LOOK FOR HIGHER TARGETS ONCE THE INR 566 MARK IS REACHED.
CDSL - Bullish CDSL CMP - 498.70
Looking bullish in higher time frame. One can go for Swing / Short Term Trade setup with the following entry, exit & targets
Buy at or above 501 / Stop Loss 494
Target1 - 506
Target2 - 511
Target3 - 516 / 520
Short Term Target - 550 / Stop Loss 470
Disclaimer: This is my view and for educational purpose only.