📊 Technical View:
CDSL has shown a strong breakout above the ₹1350–₹1370 resistance zone.
🔍 What should we watch for next?
🔹 Possible Retest: The price may pull back slightly to retest the breakout zone around ₹1350–₹1400, which could act as a solid support before the next move up.
🔹 Volume Confirmation: The breakout was supported by decent volume, adding strength to the bullish structure.
📌 Conclusion:
CDSL looks ready for a potential medium-term rally, backed by solid fundamentals and a breakout-backed chart setup. A healthy pullback might offer a great risk-reward opportunity.
📢 Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any investment decisions.
CDSL has shown a strong breakout above the ₹1350–₹1370 resistance zone.
🔍 What should we watch for next?
🔹 Possible Retest: The price may pull back slightly to retest the breakout zone around ₹1350–₹1400, which could act as a solid support before the next move up.
🔹 Volume Confirmation: The breakout was supported by decent volume, adding strength to the bullish structure.
📌 Conclusion:
CDSL looks ready for a potential medium-term rally, backed by solid fundamentals and a breakout-backed chart setup. A healthy pullback might offer a great risk-reward opportunity.
📢 Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.