Bullish Continuation | Breakout | Volume Support
CDSL was continuing in a range from last one year. Recently it has shown breakout above blue line with a big green daily candle and high volumes.
It is now back to the retesting levels 2280 and expected to act as a support here and continue bullish move. It is “Buy” side if it makes good green candles from now.
If CMP breaks this support level downside (blue line) it will confirm the double top (M) pattern and we can see downfall which can go till 2050 around red support line.
Wait and watch.
Track and take the action accordingly.
It is now back to the retesting levels 2280 and expected to act as a support here and continue bullish move. It is “Buy” side if it makes good green candles from now.
If CMP breaks this support level downside (blue line) it will confirm the double top (M) pattern and we can see downfall which can go till 2050 around red support line.
Wait and watch.
Track and take the action accordingly.
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