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CDSL makes an Inverted H&S : A short term opportunity

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Hi People

One of the most overhyped and a monopoly scrip just made a an Inverted Head and Shoulder pattern on 15 mins, which is an Bullish reversal pattern. The Stock broke the neck of the pattern and now resting on a crucial level of 1730 Rs.

Do understand that this is not a long term investment opportunity and just an short term trade as the stock is currently trading and an inflated PE ratio.

Breakout at 1730 level could fuel further movement in the stock and gives a swing trade/ intraday trade opportunity.


Disclaimer:- This analysis is just for educational purpose and doesn't guarantee profits. Do consult your financial adviser befor investing

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.