Stock Analysis - CDSL - Breakout formed
Updated
Stock 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
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
Trade closed: stop reached
5% Stop loss hit
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