CDSL Trend Analysis

Price has formed a Head & Shoulder Pattern with declining volume suggesting price is heading towards the technical target of H & S pattern which is around 650 level.

Fundamentally sound but CMP is more than 10 times its book value, better to buy when PE will be around 20-25 levels

Key support level and golden FIB zone will add more confluence to 650 odd levels.

Better to accumulate around 600-650 levels for the following targets:

Short term swing target @ 970 (51.5% ROI with 3.67 R:R)

Medium term swing target @ 1240 (93.75 ROI with 6.75 R:R)

Long term positional target @ 1555 (143% ROI with 10.17 R:R)

Stop loss around 550.

Do your own due diligence before taking any action.

Peace!!