CDSL broke out of consolidationNSE:CDSL has broken out of a long consolidation with a gap up last week. If this breakout sustains then it has the potential to take the price to 1950 levels based on the height of consolidation triangle. Volumes have increased but they're not too impressive. Chances are it might retest the upper line it just broke but it momentum continues then it might keep going up from here.
CDSL trade ideas
Volatility Contraction Pattern in CDSLVolatility Contraction pattern or VCP
VCP - Volatility Contraction Pattern is not a separate pattern from a cup with handle, power play, inverse H&S, double bottom, cup completion cheat (3-C), etc... it's a characteristic of the patterns. Yes, it does map out a "pattern", but it can occur within any of the above. - Mark Minervini
Standing strong with a long biasCurrently standing strong after a rebound from 50% retracement level.
With strong fundamentals and a good future prospect, CDSL, despite a high valuation is still holding the multi-bagger tag.
Currently forming a symmetrical triangle. A breakout and it will rally for another 20-25 %.
Look at CAMS with a similar tag.
You may also check out the recent video on my linked youtube channel, as to why CDSL is an Investor's Favourite
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
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
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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