CDSL - Learning.... ✅✅

I believe 5-10 stocks are enough for a retail investor to achieve super performance. And with small capital, there is no point in buying 20/30 names which doesn't even get appropriate initial capital.

Laurus Labs - nothing wrong till now on charts. Comfortably placed above MA with minor retracements. the Target of 1035 is intact.

Laurus Labs - Initial Target 895

In this thread, I will explain to you the psychology behind the cup & handle pattern. The attached chart is of Balaji Amines.

Point 1 = Profit booking by many traders and fresh short positions opened taking the stock down till level 2 where there is no more selling

Point 2 - a level wherein the stock becomes attractive again for fresh buyers and short positions will be covered adding strength to the stock.

It moves back till point 3 which is now the psychological resistance level and would again see profit booking by weak hands.

But, this time the stock fell till point 4 wherein the buyers (smart hands) are willing to pay a higher price and further push out the weak hands absorbing all their selling. This is the ideal entry point for a risk-loving trader as this is the closest to the stop-loss point.

Finally, you see - in the whole process - the stock has shifted hands from uninformed retail investors to "smart hands". And finally followed by a cup and handle breakout. The target will be the depth of the cup projected upwards from the breakout level.

When to take entry for a conservative investor? At candle no 5 - the breakout candle and stop-loss a few % below breakout level.

In the next thread - I will explain to you how the same principle works for most of the patterns (No need to mug up the pattern names)

Hikal - for me a high conviction bet now as buying volumes are high and stock is retesting the support. SL 495. Buy zone 525-535

HDFC Bank - price bouncing back from the support must knock off the previous highs else it becomes weaker. Not a healthy sign till now. Need a strong follow-through. The zone of 1290-1300 is still to be tracked carefully.

Power grid and an upward sloping channel working in here.

#CDSL - Wait for the Fresh Buying - TradingView -

CDSL :

Ascending Triangle Pattern Formation.

Fantastic Stock At Fantastic Levels.

#Areaofvalue analysis
#CDSL
Buy near 21 SMA support. This stock respects 21 SMA for 84% time. Backtested for last 1 year.

Candle size is getting smaller and volume also less then avg volume.
Any time it can reverse from here.

Help/Support
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#CDSL -1305

After almost attained 4.618%
Correction likely retracement level shown in chart.

#Possibility

CDSL - A stock to watch.
- Trying to negotiate a Price Rejection Zone
- Volatility and Volume contracting
- Clustering of closes

Looks like gearing for good move. A decisive close above 827 on good volume is required to take it higher.