Confirmed uptrend on weekly chart, a single candle crossed 5 EMA and 30 EMA which shows the one way movement of stock up to 240 after that it will consolidate 2-3 days and again move to 275.
As seen volume data there is fresh long made by smart investors. On wider range charts look very strong, but in the near term, there is a divergence in RSI which suggests price would come down to 275-250 zone .
Buy on the decline with target 305/348(for short term 3-6 months) with CBSL 238 . On the longer run, we can see 380/425++
Go long on CDSL
BUY ABOVE 250 Target 309 SL 216
2 ND TARGET 382 SL 290
1. The morning star appears in weekly candle stick pattern along with triangle pattern and also break the 50day moving average.
2. Trend line break out
Go long on CDSL Target 290 SL 216
The morning star appears in weekly candle stick pattern along with triangle pattern and also break the 50day moving average.
Breaking 52 week low. Weekly chart. Will head further down. Lets see till how. 1 researcher mentioned the actual value of CDSL is 175. lets see if it reaches there.
The price action has entered into the phace C of wyckoff schematics, where in the present lower test of supply will be important ..
in the phase B we noted the constant resistance by the 20day sMA, raising the suspicion that , the owner ship of the stock is not in the strong hands... now if this current dip is an engineered shakeout, then what happens after this...
