CDSL
The life cycle analysis of CDSLI have depicted the intermediate degree chart of the CDSL , however, we do not have much data on the scrip but if we count we are in 3rd wave of the miner degree and uppar levels for 3rd are marked with lines (gray).
Again not a buy sell Reco. only an educational material.
Regards
SWING IDEA - CDSLConsider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form.
Reasons are listed below :
Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a strong close, indicating potential bullish momentum.
Bullish Marubozu Candle on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe suggests strong buying momentum and potential upward movement.
Breakout from 5+ Months of Consolidation : The stock has broken out from a consolidation phase lasting over 5 months, indicating a significant shift in market sentiment and potential for sustained upward movement.
Spike in Volumes : A notable spike in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for CDSL.
Trading Above 50 and 200 EMA : CDSL is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation.
Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains.
Target - 2200 // 2400
StopLoss - Daily close below 1820
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CDSL | Flagpole | NSDL Files for IPO
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL.
(We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.)
Now CDSL:
• In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of which is already done.
• The 1000 level + 50% Fibo level provided support during its momentum.
• Volumes increased during the rally, which is a positive sign.
• It faces a crucial resistance zone the break and sustenance of which will be necessary.
• Now if you are worried about the funds flowing to NSDL, Remember what happened to BSE when NSE announced its IPO – it literally doubled in value. NSDL's valuation will play a crucial role in boosting CDSL's momentum.
• Duopolies, like Ola and Uber, Airtel and Jio, Swiggy and Zomato, Amazon and Flipkart, tend to fare well. CDSL and NSDL too can coexist.
• Do you know who else can and must Coexist? YOU and WE! Follow us for such interesting Case studies.
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation 🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Weekly and monthly breakeout stock or soon to be break outCDSL stock trading on NSE might going to have break out as on monthly and on weekly time frame it is showing that another 300 to 400 rs move can come . once its going to close on 2070 with volume . RSI is value is high but once value in RSI increase further move can be expected
CDSL Long Target 1980CDSL Long Target 1980
After the block deal is completed, CDSL is moving up firmly and decisively.
A break above the red sloping TL will lead to a target of 1980 as there is a 3 drive (3 green dots highlighted in the chart) and a break above inner TL (red sloping TL) will lead to a target in 2 months timeframe
CDSL for Swing/Positional CDSL Prediction for Swing/ Posional Trading
First breakout at Entry 1 level and this entry 1 retested. You can entry now . There is a resistance 1545-1670 level. You can enter in trade at Entry 2 level above 1360 or above Entry 3 above 2045 close weekly basis or you can entry at any of the above levels according to your experience.
SLs- 1100,1050 ( according to your entry and RRR)
Targets- 1360,1545,1670,1695,2045,2340,2535,2590,3030,… .
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About CDSL –
Central Depository Services (India) Ltd. engages in the provision of depository services. It operates through the following segments: Depository Services, Data Processing Services, and Others. The company was founded in February 1999 and is headquartered in Mumbai, India.
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Swing Buy Opportunity in CDSLRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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CDSL ready for another run?After a good impulse movement on the upside, CDSL price corrected for a few trading sessions. It has now given a breakout above the resistance level with the support of increasing volume. DMI also shows potential strength in the upside momentum. From here we can see another good run in CDSL in the short-term
Buy Entry - 1910
Stop Loss - 1770
Target - 2550/1680
CDSLNSE:CDSL
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
CDSL - Stock AnalysisThe technical highlights for Central Depository Services (India) Ltd. (CDSL) suggest a generally bullish sentiment with some caution. Here's a summary of the key signals:
Price Volume: Mild Bullish - The recent sessions show rising prices, but the caution is warranted as the volume is not supporting the price increase.
High-Low: Bullish - The stock has made a new one-year high, indicating positive price momentum.
One Day: Bullish - The latest tick shows a strong price rise, but caution is advised to monitor the volume.
MACD: Bullish - A bullish crossover of the MACD (Moving Average Convergence Divergence) and the signal line has occurred and is sustaining, indicating positive momentum.
Donchian Band: Strong Bullish - The stock is trending up nicely, with consecutive new highs, indicating a strong bullish trend.
Bollinger Bands: Strong Bullish - There's a positive breakout in the Bollinger Bands, suggesting potential upward movement in the stock's price.
ADX: Bullish - The Average Directional Index (ADX) indicates an uptrend in the stock.
Candlestick / Heikin Ashi Patterns:
- Daily: Bullish - A bullish continuation Heikin Ashi pattern has formed, supporting the bullish sentiment.
- Weekly: Bullish - A bullish continuation Heikin Ashi pattern on the weekly chart reinforces the bullish outlook.
- Monthly: Strong Bullish - A bullish Marubozu candlestick pattern has formed at a high level on the monthly chart, indicating strong momentum. Additionally, a bullish continuation Heikin Ashi pattern supports the bullish trend.
Overall, the technical analysis suggests a bullish outlook for CDSL, with strong price momentum, new highs, and positive indicators. However, the cautionary notes about volume should be considered. As always, it's essential to conduct a thorough analysis and consider other factors before making investment decisions.
IEX cmp 142 TGT 172 Buy Recommendation By Rachit SethiaIEX
CMP 142
TGT 172
SL 130
RR > 2.7
Return ~22%
Timeframe <6m
NSE:IEX
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
predictive analysis in wcbNSE:CDSL presently trading around 50% retracement zone of drawn fibonacci retracement levels. may take reversal from hereon after spending sometime here at this zone. is it time for accumulation or wait n watch??? comment your opinion below.
Disclaimer - This chart analysis is only for educational study purpose. Do proper research before trade/investment or consult with your financial advisor. This opinion isn't a trade/investment recommendation. SEBI unregistered.