CENTRAL DEPO SER (I) LTD
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CDSL: Riding Bullish Wave Breakout Story Backed by Strong Demand

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Trend Analysis:
The stock is in a strong uptrend, as evidenced by the rising price above moving averages and increasing demand strength.
The breakout from previous consolidation zones (highlighted rectangles) confirms bullish continuation patterns.

Volume Analysis:
Volume spikes during breakouts validate the price movement, confirming strong participation from buyers.
Declining volume during pullbacks suggests weak selling pressure, which is constructive for a healthy uptrend.

Demand-Supply Dynamics:
The higher demand strength relative to supply both in the current candle and moving average signals persistent buyer interest.
This supports the case for continued upward momentum in the absence of significant supply pressure.

Future Projections:
The projected price curve indicates a steady rise, aligning with the current momentum.
However, monitoring for divergence between price and volume or other exhaustion signs is critical to mitigate risk.

Penafian

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