CENTRAL DEPOSITORY HEAD AND SHOULDERS LONG OPPORTUNITY

CDSL CHART HAS FORMED HEAD AND SHOULDERS FORMATION ON HOURLY CHART. CHART HAS BROKE AND CLOSED ABOVE NECK LINE. CURRENTLY CHART IS TAKING SUPPORT AT NECKLINE WHICH WAS RESISTING BEFORE BREAK.
SO, THERE IS MORE CHANCE THAT WE MAY ACHIEVE TARGET AS PER HEAD AND SHOULDERS FORMATION OF INR 566 TO COMPLETE HEAD AND SHOULDERS FORMATION. SINCE THIS IS BULLISH FORMATION LONG TERM TRADERS CAN REDUCE THEIR STOPS AND LOOK FOR HIGHER TARGETS ONCE THE INR 566 MARK IS REACHED.