Cdslpricetrendanalysis
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
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 - 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.
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.
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.
make or break time for cdsl NSE:CDSL
it is now trading in such a narrow range for some time i think a breakout on either side ie 1150 on the downside and 1250 on the up side will make it clear where the stock is going no need to be a long term investor go with trend only. there is nothing so special about this company that it cannot trade on lower price to earning valuation. if there is no significant increase in net profit in next quater and the stock starts to trade below 1150 ,1160 i do not think one should hold on to this stock for some fantasy long term story i will be buyer only if it trades above 1250/1260 for 1/2weeks or more
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!!