CDSL broke out of consolidationNSE:CDSL has broken out of a long consolidation with a gap up last week. If this breakout sustains then it has the potential to take the price to 1950 levels based on the height of consolidation triangle. Volumes have increased but they're not too impressive. Chances are it might retest the upper line it just broke but it momentum continues then it might keep going up from here.
CDSL
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 .
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
CDSL is at Strong supportCDSL is at strong support... rallied after touching 450... I was waiting to enter and suddenly in 30 mins it went to 482...
Someone invests at the end of session then tomorrow it might open gap up... lets see tomorrow if it gives any chance to us...
SL is 460 enter tomorrow in the beginning of the session... seems like it is ready to give breakout in 2 or 3 days