CDSL Ready for Breakout: Next Big Rally in the Making?Central Depository Services (India) Ltd. is showing a strong recovery from its long-term support zone and is now approaching a crucial descending resistance trendline. This zone has acted as a supply area multiple times, making it a key level to watch for the next directional move.
The current price action indicates early signs of strength, with buyers stepping in near support and forming a higher low structure. An early entry can be considered near current levels with proper risk management, but the ideal setup remains a confirmed breakout above the resistance trendline.
If CDSL gives a strong breakout and sustains above this level, it can trigger a powerful bullish move. The upside targets are placed around 1700+ (Target 1) and 2010+ (Target 2), with a projected move extending toward 2350+ levels based on pattern height and breakout momentum.
On the downside, if the breakout fails and price reverses, the support zone around 1150–1200 levels becomes critical. A breakdown below this support would invalidate the bullish setup and may lead to further weakness.
Overall, CDSL is at a decision point. Traders should focus on confirmation, as a clean breakout can offer a high-probability trend continuation opportunity.
Cdslpricetrendanalysis
CDSL Healthy and also wealthy swing tradeNSE:CDSL
CDSL chart have two pattern.
1. Most common and effective W pattern
2. pennant pattern
possibilities of trade.
Bull Scenario
1. W pattern forming and breakout.
2. pennant breakout.
Bear Scenario
1. Pennant breakdown.
Special Bull Scenario 😅 (People who have always in profit)
1. Pennant breakdown then after take support and break lifetime high
(Extreme bull scenario 😅)
Why this is healthy and wealthy?
Because this is stock have a strong trend stock and also have strong fundamental. so, if third possibility happen then also this stock again can be bounce back and ultimately break his current lifetime high.
why this logic i use, this has also reason
Because of this is a depository service and India have still not have 40 percentage of demat account of total population.
I am not financial advisor.
So, risk is yours 😅
do your own research before taking any decision
Please feel free to ask any questions
it's free 🙂
CDSL Reversal !!!CDSL is on the verge or Reversal or Temporary Pull back
There are multiple learnings in this Chart
1. The Stock taking support at 200day EMA
2. The Candle stick pattern is a Doji Pattern refers to indecisiveness of the demand & supply
3. Previous Gap Resistance acting as Support
4. Hidden Bullish Divergence
5. When price is falling the volume lacks strength
CDSL - Multiple Selling PointsStock in LH LL Mode in Daily
Currently has multiple strong selling areas It is bound to make another Lower Low in coming days
First possibility of selling opportunity arises at 1200 to 1220
Second selling area is at 1250 -1290
Third strong selling area is between 1330 - 1355
Forth and final strongest selling pressure area is the Gap zone created between 1425 - 1475
Create & keep multiple alerts as the possibilities are endless in coming days for CE selling / PE buying
Always confirm trades on Multi Time frame before entry with proper SL
Triangle Pattern | CDSL⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
FOR EDUCATION PURPOSE ONLY!!!Its just a chart pattern that i am showing to you and lets check where it goes and how it works for future reference
✅Latest CDSL News (November 2024):
▶️issuing bonus shares in a board meeting on July 2, 2024.
▶️Up 79.55% YoY, currently trading near ₹1,617.
▶️Managing over 10.4 crore demat accounts, boosted by retail investor growth.
✅Technical Analysis
📍Strong bullish momentum; trading near 52-week high
📍Support ₹1,550
📍Resistance ₹1,680.
📍RSI Overbought zone, signaling strength.
📍MACD Bullish crossover, indicating upward momentum.
📍Volume High trading volumes confirm price movements.
🎯Positive trend backed by financial strength but watch for market volatility.
💡✍️Applied Tools:-
✅Strong Chart Pattern
✅Channel Pattern
✅Strong Demand Zone
✅100 Day EMA
✅Fundamental Analysis
👉CDSL is one of two Indian depositories, earning from demat accounts, transactions, IPOs, and annual issuer charges.
👉High Net Profit Margins and Return on Equity.
👉Robust financial health.
👉Compare P/E and P/B ratios with peers; consistent dividend payer.
👉Market dependency, competition (NSDL), and regulatory changes.
👉Long-term growth supported by India’s growing financial market and digital adoption.
💡Check out my TradingView profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
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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
CDSLStrength :-
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Company with No Debt
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Tiredness :-
MFs decreased their shareholding last quarter
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Fall in Quarterly Revenue and Net Profit (YoY)
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
Near 52 Week Low
Weak Momentum: Price below Short, Medium and Long Term Average
CDSL- Ichimoku Bullish BreakoutStock Name - Central Depository Services Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1305
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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