CDSL Stock Analysis (as of May 26, 2025)
Key Observations:
• Current Price: ₹1,462.30 (+0.47%)
• Day’s Range: ₹1,445.00 (Low) – ₹1,474.70 (High)
• Volume: 42M (indicating moderate activity)
• RSI (14, High): 66.79 (approaching overbought but not extreme)
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Trend Analysis:
1. Short-Term Trend (1D Chart):
o Bullish – The stock is trading above key moving averages, with higher highs and higher lows.
o Resistance (Short-Term): ₹1,474.70 (Today’s High) → Breakout above this could target ₹1,500.
o Support (Short-Term): ₹1,445 (Today’s Low) → A drop below may test ₹1,420-1,435.
2. Long-Term Trend (Weekly/Monthly):
o Uptrend Intact – The stock has been consolidating between ₹1,320-₹1,474. A breakout above ₹1,475 could signal a strong bullish continuation.
o Major Support (Long-Term): ₹1,372 (Key Swing Low) → A breakdown below this may shift trend to neutral/bearish.
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Trade Setup:
Buy Entry (Long Trade):
• Ideal Entry: Near ₹1,445-₹1,435 (if retested with RSI cooling off).
• Confirmation: Bounce from support with volume increase.
• Target: ₹1,474 → ₹1,500 (Breakout Zone).
• Stop Loss: Below ₹1,420 (Risk Management).
Sell Entry (Short Trade – Caution Advised):
• If Rejection at ₹1,474-₹1,475: Short with tight stop above ₹1,480.
• Target: ₹1,445 → ₹1,420.
• Stop Loss: ₹1,485 (Only if RSI shows reversal signs).
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Conclusion:
• Bias: Bullish as long as price holds above ₹1,435.
• Aggressive Traders: Can consider buying dips with proper risk management.
• Conservative Traders: Wait for a confirmed breakout above ₹1,475 for stronger upside.
RSI Note: At 66.79, the stock is near overbought but not extreme. A pullback to reset RSI could offer a better entry.
Final Verdict: Buy on Dips (₹1,435-₹1,445) for a rally towards ₹1,500.
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Disclaimer: This is not financial advice. Always conduct your own analysis before trading. We are not responsible for your loss. Do your own research before buying this stock.
Key Observations:
• Current Price: ₹1,462.30 (+0.47%)
• Day’s Range: ₹1,445.00 (Low) – ₹1,474.70 (High)
• Volume: 42M (indicating moderate activity)
• RSI (14, High): 66.79 (approaching overbought but not extreme)
________________________________________
Trend Analysis:
1. Short-Term Trend (1D Chart):
o Bullish – The stock is trading above key moving averages, with higher highs and higher lows.
o Resistance (Short-Term): ₹1,474.70 (Today’s High) → Breakout above this could target ₹1,500.
o Support (Short-Term): ₹1,445 (Today’s Low) → A drop below may test ₹1,420-1,435.
2. Long-Term Trend (Weekly/Monthly):
o Uptrend Intact – The stock has been consolidating between ₹1,320-₹1,474. A breakout above ₹1,475 could signal a strong bullish continuation.
o Major Support (Long-Term): ₹1,372 (Key Swing Low) → A breakdown below this may shift trend to neutral/bearish.
________________________________________
Trade Setup:
Buy Entry (Long Trade):
• Ideal Entry: Near ₹1,445-₹1,435 (if retested with RSI cooling off).
• Confirmation: Bounce from support with volume increase.
• Target: ₹1,474 → ₹1,500 (Breakout Zone).
• Stop Loss: Below ₹1,420 (Risk Management).
Sell Entry (Short Trade – Caution Advised):
• If Rejection at ₹1,474-₹1,475: Short with tight stop above ₹1,480.
• Target: ₹1,445 → ₹1,420.
• Stop Loss: ₹1,485 (Only if RSI shows reversal signs).
________________________________________
Conclusion:
• Bias: Bullish as long as price holds above ₹1,435.
• Aggressive Traders: Can consider buying dips with proper risk management.
• Conservative Traders: Wait for a confirmed breakout above ₹1,475 for stronger upside.
RSI Note: At 66.79, the stock is near overbought but not extreme. A pullback to reset RSI could offer a better entry.
Final Verdict: Buy on Dips (₹1,435-₹1,445) for a rally towards ₹1,500.
________________________________________
Disclaimer: This is not financial advice. Always conduct your own analysis before trading. We are not responsible for your loss. Do your own research before buying this stock.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.