NSE: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.
Comment
⋅
50% Fibonacci retracement completed, and demand zone tested successfully, now moving towards desired direction.
CDSL Still seems to be weak as per the chart, is it good time to accumulate at 980 Levels or need to wait for further breakdown and accumulate at lower levels ?
dasouravinvestor
⋅
@sachinkini, actually pricewise correction nearly completed but timewise correction is still due. Hence wait for sometime for fresh accumulation till price action to show some strength.
sachinkini
⋅
@dasouravinvestor, Sure, thank you very much :) Will wait for sometime for fresh accumulation.