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Cdslbuy

CDSL Trend AnalysisPrice has formed a Head & Shoulder Pattern with declining volume suggesting price is heading towards the technical target of H & S pattern which is around 650 level. Fundamentally sound but CMP is more than 10 times its book value, better to buy when PE will be around 20-25 levels Key support level and golden FIB zone will add more confluence to 650 odd levels. Better to accumulate around 600-650 levels for the following targets: Short term swing target @ 970 (51.5% ROI with 3.67 R:R) Medium term swing target @ 1240 (93.75 ROI with 6.75 R:R) Long term positional target @ 1555 (143% ROI with 10.17 R:R) Stop loss around 550. Do your own due diligence before taking any action. Peace!!
NSE:CDSL
by Swastik24
10