CDSLLooks like good days for #CDSL are coming back, the stock has given a fresh 52 week high closing with good volume spurt and RSI breakout.
After making a making high in Dec 2021, the stock corrected by about 50% from its top and seems to have gone under significant price & time wise correction. It is now moving up from confluence of weekly 20, 50 & 100 ema and has already given a counter trendline resistance breakout and retest.
CDSL
CDSL W Flag breakoutDemat account hits new high in FY24, 31 lakh more additions in March
Rectangle box consolidation and flag breakout with good volume. Targets in chart. Could see breakout on Weekly RSI on zooming very close. If chart adjusted for dividends, Weekly RSI breakout is visible. 35% upside potential.
CDSL | Positional Trade📊 DETAILS
Sector: Misc. Commercial Services
Mkt Cap: 20,460 cr
Central Depository Services Limited is a Market Infrastructure Institution (MII), part of the capital market structure, providing services to all market participants - exchanges, clearing corporations, depository participants (DPs), issuers and investors. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions.
TTM PE : 57.96 (High PE)
Sector PE : 54.23
Beta : 0.84
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
1.59% away from 52 week high
Outperformer - Central Depository Services Ltd up by 3.27% v/s NIFTY 50 up by 1.07% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
CDSL - all set to scale new highsNSE:CDSL
1950
all set to scal new highs
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
CDSL Buy for 40% Gain...- CDSL is India’s largest securities depository in terms of number of accounts with the highest - -share of incremental growth of demat accounts.
- The total number of demat account investors in India reached over 12 crores, with more than 9 crores registered with CDSL.
- Highest Ever Quarterly revenue of 207 crore.
- Highest every net profit of 109 crore in sept. quarter.
- Making cup and handle pattern.
- target 1975, 38 % from current price.
Future Initiatives:
The company is assessing the potential for loan against insurance policies and the adoption of e-insurance frameworks
Warning - not a buy or sell recommandation ask your financial adviser before investing.
CDSL | Investment Pick📊 DETAILS
Sector: Misc. Commercial Services
Mkt Cap: 13,898 cr
Central Depository Services Limited is a Market Infrastructure Institution (MII), part of the capital market structure, providing services to all market participants - exchanges, clearing corporations, depository participants (DPs), issuers and investors. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions.
TTM PE : 47.64 (Average PE)
Sector PE : 40.80
Beta : 0.79
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
6.83% away from 52 week high
Underperformer - Central Depository Services Ltd down by -3.65% v/s NIFTY 50 down by -0.9% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
CDSL for 50% (approx..) GainCDSL is showing a Trendline breakout on weekly chart. Pure technical call.
CMP : 1280
TG : 1930
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout .
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
All time high - CDSL- Techno-Fundamental analysisCDSL
Trade idea - Swing trade/short term momentum capturing
- Entry - Immediately after market open
- Stoploss - 1860 (3-4%)
- Position sizing - 20% of the capital
- Target - 2270 (20% of the breakout)
Catalyst behind
- Finance sector as a whole have come out with great results.
- Reserve bank of India with their new policy for banks have created a major impact on finance
sector also.
- Quarterly diluted EPS - 35% up from previous years same quarter (we usually take diluted eps
for concentrated analysis and the reason we compare from previous years quarter - because
to hinder one time extraordinary earnings on sale of real estate or machinery)
- Annual diluted EPS - 150% up from past 3 years (2020 2021 2022)
- Return on equity - 27% (considered great as its above average of 17%)
- Total revenue - 35% up from previous years same quarter (record high earnings)
Technical analysis
- RSI weekly - above 60
- Price is above all trend moving averages - 20dma and 50dma
- Bollinger band - Squeeze open (volatility contraction)
Happy trading
CDSL - Time to fly?Central Depository Services Ltd is a provider of depository services
TTM EPS: 27.92
TTM PE: 45.93
P/B: 11.79
Mkt Cap (Rs. Cr.): 13,400
Dividend Yield: 1.25
Sector PE: 39.53
Book Value Per Share: 108.74
Some Positives:
Strong Momentum: Price above short, medium and long term moving averages
Company with No Debt
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Brokers upgraded recommendation or target price in the past three months
Negative to Positive growth in Sales and Profit with Strong Price momentum
RSI indicating price strength
High Volume, High Gain
Some Negatives:
Negative profit growth, promoters decreasing shareholding QoQ
Degrowth in Revenue and Profit
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
Central Depository Services Ltd - Long Setup, Move is ON...#CDSL trading above Resistance of 1476
Next Resistance is at 1734
Support is at 1140
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Central Depository Services Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.