AshokRajendran

CDSL broke the Ascending Triangle Pattern on the upper side!!!

NSE:CDSL   CENTRAL DEPOSITORY
CDSL has formed an Ascending Triangle pattern after touching its ATH on JULY2021. After the results on NOV2021, It has broken the Ascending triangle pattern at the top and we could expect it to march towards 1700 before its next event date. I have calculated the target based on the height of the triangle pattern, the target may vary from 10% to 20% on the upper side from CMP.
Disclaimer: Kindly consult with your Financial Advisor before taking any trade.
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