CDSL opened the session with strong buying interest and surged nearly 3% in early trade, reflecting robust momentum and outperforming broader sector trends. The stock is currently trading around 1,570, after touching an intraday high near 1,592 and respecting support at 1,520. Volumes are significantly above the recent average, indicating active participation from both institutional and retail traders.
On the technical front, CDSL continues to trade above its 50-day and 200-day moving averages, maintaining a mildly bullish trend as confirmed by momentum oscillators. The daily charts exhibit a series of higher lows, and the stock has rebounded from its recent base near 1,450. Key resistance is seen at 1,625; a breakout above this zone could trigger a further rally toward 1,800. Immediate support for short-term traders lies at 1,535, and any dip toward this zone may see strong buying interest.
Technically, mixed longer-term indicators suggest some caution—while the RSI remains bullish and the overall trend is favorable, weekly signals like MACD show mild bearishness, indicating some volatility. Still, the overall bias remains positive as long as the price sustains above key support levels, making CDSL a favored pick in the capital market sector for the near term.
On the technical front, CDSL continues to trade above its 50-day and 200-day moving averages, maintaining a mildly bullish trend as confirmed by momentum oscillators. The daily charts exhibit a series of higher lows, and the stock has rebounded from its recent base near 1,450. Key resistance is seen at 1,625; a breakout above this zone could trigger a further rally toward 1,800. Immediate support for short-term traders lies at 1,535, and any dip toward this zone may see strong buying interest.
Technically, mixed longer-term indicators suggest some caution—while the RSI remains bullish and the overall trend is favorable, weekly signals like MACD show mild bearishness, indicating some volatility. Still, the overall bias remains positive as long as the price sustains above key support levels, making CDSL a favored pick in the capital market sector for the near term.
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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.