Marketik

Monopoly Business :- Strong Breakout with huge volume

Long
NSE:CDSL   CENTRAL DEPOSITORY
✅The stock is breaking out from an ascending channel, signaling a strong upward move. Strong support around 1900 levels due to the trendline. The breakout suggests a potential move towards 3200+. RSI is at 73 showing strong bullish momentum. MACD histogram is positive, supporting the breakout with bullish signals.Huge volume spike confirms strong buying interest and bullish sentiment, backing up the breakout scenario.

✅A leading player in the depository services sector, the company has a strong presence in the Indian market. Continuous innovation and expansion provide a competitive edge. The depository services sector is experiencing robust growth driven by increased market participation and digital transformation. The company is well-positioned to capitalize on these trends

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