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CENTRAL DEPO SER (I) LTDCENTRAL DEPO SER (I) LTDCENTRAL DEPO SER (I) LTD

CENTRAL DEPO SER (I) LTD

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CDSL trade ideas

CDSL- Premature bottom or a Bull trap?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 will be important, we have noted that the price action ended today byond the out SD of the bollinger band, coupled with bullish divergence isn all the oscillators, specially in the weekly chart So a pull back ij to the trading range is likely, the character of the pull back will be important to note, if there is a bug bullish bar on vol that is noted, then new Composite group buying will seem to have started, and there must be a change of character on the price action... On the otherhand, if the rally vack to the trading ranhe is weak, on volatile price action and weaker volumes than the drop, then this will look like a show of weakness, that will confirm the phase b constant lack of SOS beyond the 20dMA.. Over all interesting, to track... previous realted ideas...https://www.tradingview.com/chart/CDSL/3NI07Qzw-Learning-wyckoff-s-methods-A-re-look-at-the-Mammoth-CDSL/ Will update the findings as i go along in this thread, to the point of my entry , which i will definitely do, at some point when i think it to be appropriate... Disclaimer... not in position waiting for the action to floor ... tracking the fundamentals mean while NOT an investing/trading recommendation
NSE:CDSL
by capsule91