CDSL : Expecting a sell off
Since the market is in a overvaluation and has given a good enough rally, there is a high probability for a reversal and a range formation in the near future. This may be due to profit booking or any other unforeseen event.
But CDSL is kind of correlated with the overall market movement since there business model depends on it.
So I'll look for an entry when price reaches the low of the channel, depending on the fundamentals and macro economic situation at that time and also the fundamental and technical situation of the company.
But CDSL is kind of correlated with the overall market movement since there business model depends on it.
So I'll look for an entry when price reaches the low of the channel, depending on the fundamentals and macro economic situation at that time and also the fundamental and technical situation of the company.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.