For the past 4-5 months CDSL is trading in a parallel channel recently it had broken it but then rises back the lower band level. Now one more time it has been broken and now it is near to its horizontal support (major support). This support has been previously acted as a resistance level and recently as a support.
Considering the above signs, It can act as major support here and we may see a reversal from here (Considering todays closing). Target can be taken as a lower band of parallel channel. Refer chart for a clear view of my thoughts.
Thank you for reading.
Considering the above signs, It can act as major support here and we may see a reversal from here (Considering todays closing). Target can be taken as a lower band of parallel channel. Refer chart for a clear view of my thoughts.
Thank you for reading.