CENTRAL DEPO SER (I) LTDGüncellendi 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 https://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
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 https://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
Not
ohh that was a lovely spring..!Not
levels around 281s should act as a good support now...
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hdfc securities report...trendlyne-media.s3.amazonaws.com/reportPDF/23947_pdf.pdf
Not
although there might be accumulating in the past couple of months, i doubt if the downtrend has truely halted or not..the distribution schematics via the point and figure charts points towards a markdown target of 236..
which is also the yearly s1 support...
Avoiding entry into this accumulation schematics... as the fundamentals to me still faces a lot of headwinds, in terms of risk of core business and the replacement of kyc business... although the managemnt in the last oconcall mentioned that they dont expect a thrird player to come in the depository business and start grabbing market share form the duopoly so easily..which i also share... yet, the price that i have to pay currently can be lower to make it as an attractive buy for the very long term... meanwhile there are better prospects to look at...
Not
Not
the blue wilder moving avrage resistance shows the momentum hasnt built up yet for a markup... a last point of support +/- spring test required to do the final shake out....
yet i am skeptical of this accumulation.... might be a short term exit pump...
Maintaining bearish stance on the longer term charts
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.