CDSL - VCP Pattern with Relative strength study
CDSL is forming VCP pattern ( Volume Contraction Pattern)
Breakout above 1620
Positive Relative Strength and Increase in volume near resistance shows a good move is coming
RSI is bullish and above 60 it will be highly bullish.
Breakout above 1620
Positive Relative Strength and Increase in volume near resistance shows a good move is coming
RSI is bullish and above 60 it will be highly bullish.
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Breakout done
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Pullback support at 1400-1440
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Next VCP pattern in formation, low volumes during the fall