CENTRAL DEPO SER (I) LTD

CDSL BREAKOUT Successful

794
CDSL has given the breakout you can buy it. it's forming CUP and Handle Pattern.
once can buy it as swing trade

Reason:
  1. Successful breakout of the zone.
  2. RSI > 50 Bullish Zone Incressing momuntum.
  3. Very nice Volume in the stock for today.
  4. Good consolidition of more than 1 year.
  5. Price > VWAP that shows the bullishness.


Verdict:
Breakout successful, Strong bullish momentum

Plan of Action:
You can buy this at current price.
Buy price: 1267.50
Stoploss: 1216
Target : 1426

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