CDSL trade ideas
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
High Tension Lines In 1 WTF//CDSL*Let it cross the 50 EMA with confident volumes in 1 DTF!
*The trend may go Up-Wards or Down-Wards, because of that we are supposed to follow strict SL.
*There is lot of bearish candles before in the trend, but I see something is changing in the trend!
LET'S WATCH!!!
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!!