Cdsllong
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 - 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.
CDSL Positional Buy ideaNSE:CDSL has break major resistance of 935, my idea is to take entry when price come at 944. Stop loss will be 895 (-49 Points Risk). My expected upside target would be 975 and 1005. It may take 5-6 days to get the targets.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
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!!