CDSL trade ideas
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
.
.
I'm a beginner . I'm just sharing my views .
Ready for Bull run. CMP 1258. Golden chanceCdsl is a duopoly stock along with nsdl. It was consolidating for many days in a swing 1150 to 1200. Now it has broken out. In fact it broke out before two days today retested and broke again. This is golden opportunity to enter ans make some cash.
Date ; 08 sep 2021
Duopoly stock for future - buy and forgetalong with nsdl, cdsl is the only company in the industry with very good fundamentals, zero debt company with huge growth potential. buy and forget kind of stock.
on 25/08/2021 if the price doesn't break down below 1050 then the next target is surprisingly good. 1250 is the target in another couple of weeks.
CDSL Flag and Poll "Breakout"CDSL has given "Flag and Poll" Breakout
The next Psychological & Technical target will be 1100 Level
By past analysis, it looks like CDSL will Consolidate at 1100 level now .
Risk to Reward favorable at least 1:2 can be taken .
Last Closing: 1034.75
Target: 1100
Stop Loss: 1000
Thank You
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