CDSL Analysis

FOR LEARNING PURPOSE

CDSL- The current price of CDSL is 1711.95 rupees
I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base
2. The breakout candle was good with great volume and then its retesting that level again
3. The breakout happened after 2 years and then it went sideways for almost 5 months and now retesting
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company is quite famous and it has got monopoly too
7. They have given good numbers in last Qs

I am going to buy this on Monday with minimum target of 35-40% and then will trail after that.
My SL is at 1475 rupees

I will be managing my risk.