CDSL trade ideas
CENTRAL DEPOSITORY HEAD AND SHOULDERS LONG OPPORTUNITYCDSL CHART HAS FORMED HEAD AND SHOULDERS FORMATION ON HOURLY CHART. CHART HAS BROKE AND CLOSED ABOVE NECK LINE. CURRENTLY CHART IS TAKING SUPPORT AT NECKLINE WHICH WAS RESISTING BEFORE BREAK.
SO, THERE IS MORE CHANCE THAT WE MAY ACHIEVE TARGET AS PER HEAD AND SHOULDERS FORMATION OF INR 566 TO COMPLETE HEAD AND SHOULDERS FORMATION. SINCE THIS IS BULLISH FORMATION LONG TERM TRADERS CAN REDUCE THEIR STOPS AND LOOK FOR HIGHER TARGETS ONCE THE INR 566 MARK IS REACHED.
CDSL - Bullish CDSL CMP - 498.70
Looking bullish in higher time frame. One can go for Swing / Short Term Trade setup with the following entry, exit & targets
Buy at or above 501 / Stop Loss 494
Target1 - 506
Target2 - 511
Target3 - 516 / 520
Short Term Target - 550 / Stop Loss 470
Disclaimer: This is my view and for educational purpose only.
CDSLCDSL - Decent volume breakout
These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
MULTIYEAR BREAKOUTCDSL IS AGAIN READY TO BLAST AND S-RSI IS FOR CONFIRMATION
ALL PRICE MENTION ON CHARTS
CDSL Flag and Pole PatternCDSL formed Flag and Pole pattern.. keel in radar for positional on breakout..
short term long opportunity in cdslreasons:-
1)bullish symetrical triangle breakout
2)high volume during breakout
3)price above all major moving averages
price need to cross 500 level to continue its upmove.
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
CDSL - Breaking out. Again? EMA was away from 21 EMA.
But pull back happened.
Took support at 21 EMA
Now currently back above 9EMa and box too.
Do getting ready fo1 50 plus move
RSI, Stochastic and volume are looning good.
Most important :
Need to close today (28/09/2020) above box with a small wick on top in comparison to body of candle.
CDSL BO - Enter on retracement to 305 with 286 as SL CDSL BO above major levels.
Oscillators are overbought so may retrace but retracement is good entry opportunity. Keep on watch for positional targets till 340 .Best entry around 304 SL can be 286
CDSL - Ascending triangle BreakoutAscending triangle breakout.
for good Rs 40 move.
So 10% possible.
RSI and stochastic are good numbers.
But volume has to increase with breakout.
And breaking out candle should close above 373 with small tail and good volume.
375 to 410 - 415 should be good trade.
