CDSL CDSL chart have two pattern.
1. Most common and effective W pattern
2. pennant pattern
possibilities of trade.
Bull Scenario
1. W pattern forming and breakout.
2. pennant breakout.
Bear Scenario
1. Pennant breakdown.
Special Bull Scenario 😅 (People who have always in profit)
1. Pennant breakdown then after take support and break lifetime high
(Extreme bull scenario 😅)
Why this is healthy and wealthy?
Because this is stock have a strong trend stock and also have strong fundamental. so, if third possibility happen then also this stock again can be bounce back and ultimately break his current lifetime high.
why this logic i use, this has also reason
Because of this is a depository service and India have still not have 40 percentage of demat account of total population.
I am not financial advisor.
So, risk is yours 😅
do your own research before taking any decision
Please feel free to ask any questions
it's free 🙂
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.