CDSL trade ideas
Weekly and monthly breakeout stock or soon to be break outCDSL stock trading on NSE might going to have break out as on monthly and on weekly time frame it is showing that another 300 to 400 rs move can come . once its going to close on 2070 with volume . RSI is value is high but once value in RSI increase further move can be expected
CDSL Long Target 1980CDSL Long Target 1980
After the block deal is completed, CDSL is moving up firmly and decisively.
A break above the red sloping TL will lead to a target of 1980 as there is a 3 drive (3 green dots highlighted in the chart) and a break above inner TL (red sloping TL) will lead to a target in 2 months timeframe
CDSL UPDATED LEVELSAttention dear Traders!
Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor
Trading is like riding a rollercoaster blindfolded. It's thrilling, but you never know when you'll hit a loop-the-loop. The stock market is as predictable as a cat on catnip, and past performance is about as reliable as a weather forecast in the Bermuda Triangle. So, don your financial life jacket, do your own homework, and maybe even chat with a real human financial advisor.
Remember,Trading with your money is serious business, but it's okay to chuckle as you read this.
CDSL IMPORTANT LEVELSAttention dear Traders!
Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor
Trading is like riding a rollercoaster blindfolded. It's thrilling, but you never know when you'll hit a loop-the-loop. The stock market is as predictable as a cat on catnip, and past performance is about as reliable as a weather forecast in the Bermuda Triangle. So, don your financial life jacket, do your own homework, and maybe even chat with a real human financial advisor.
Remember,Trading with your money is serious business, but it's okay to chuckle as you read this.
$CDSL should be range bound between 1739 and 1920?Good news is the sell off on 12/20 was with a low volume and did not fill the gap all the way to 1826 but the sell off stopped just at the prior gap 1739. So buyers may get inspired by that move and may come in tomorrow or later in the week if no follow up action from sellers. The bad news is - it pierced through quite a few potential support in a single session, meaning buyers are not strong on this stock. My guess is now the uptrend line - that indicates around 1920 level this week will be the upper bound for this stock after the heavy sell off on 12/20 and buyers may come back at around 1735 level.
CDSL for Swing/Positional CDSL Prediction for Swing/ Posional Trading
First breakout at Entry 1 level and this entry 1 retested. You can entry now . There is a resistance 1545-1670 level. You can enter in trade at Entry 2 level above 1360 or above Entry 3 above 2045 close weekly basis or you can entry at any of the above levels according to your experience.
SLs- 1100,1050 ( according to your entry and RRR)
Targets- 1360,1545,1670,1695,2045,2340,2535,2590,3030,… .
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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About CDSL –
Central Depository Services (India) Ltd. engages in the provision of depository services. It operates through the following segments: Depository Services, Data Processing Services, and Others. The company was founded in February 1999 and is headquartered in Mumbai, India.
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Swing Buy Opportunity in CDSLRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
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CDSL has given a breakout on daily time frame after a good consCDSL has given a breakout on daily time frame after a good consolidation.
Company has delivered good profit growth of 21.6% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%.
Debt to Equity Ratio 0.00
CDSLCDSL (1D)
CMP 1910.75
- Given Breakout in Previous Sessions
- Retesting Previous High Levels
- Moving above all KMA
- Bouncing from support Zone
- ATH Breakout
- Demat account crossed 10 Crore mark Biggest Beneficiary of Demat Opening
Already Covered at 1117.25
Sector : Finance
Industry : Finance - Others
Market Cap : 19,967.34 Cr.
Category : Small Cap
PE : 62.36
Industry PE : 45.75
About Central Depository Services (India) Ltd.
CDSL operates as a securities depository in India. It offers various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.
The company was incorporated at Mumbai on December 12, 1997 as Central Depository Services (India) (CDSL), a public limited company under the Companies Act, 1956. The company obtained its certificate of commencement of business from the Ministry of Corporate Affairs on December 19, 1997. The company was initially registered by way of a certificate of registration on August 19, 1998 by SEW under the Depositories Regulations and subsequently obtained its certificate of commencement of business as a depository under the Depositories Regulations on February 8, 1999.
The company is the leading securities depository in India by incremental growth of Beneficial Owner (BO) accounts over the last three fiscals and by the total number of registered Depository Participants (DPS). However, in terms of market share, it is the second largest depository in India. Its revenue from operations includes transaction charges, account maintenance charges and settlement charges paid by DPs and annual fees, corporate action charges and e-voting charges paid by companies whose securities are admitted to its systems
The company commenced its depository business in 1999 with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. It was initially promoted by the BSE which subsequently divested a part of its stake to leading Indian banks. It has connectivity with clearing corporations of all the leading Indian stock exchanges including the BSE, National Stock Exchange (NSE) and Metropolitan Stock Exchange of India.
Business area of the company
CDSL operates as a securities depository in India. It offers various services, such as account opening. dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.
CDSL ready for another run?After a good impulse movement on the upside, CDSL price corrected for a few trading sessions. It has now given a breakout above the resistance level with the support of increasing volume. DMI also shows potential strength in the upside momentum. From here we can see another good run in CDSL in the short-term
Buy Entry - 1910
Stop Loss - 1770
Target - 2550/1680