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CDSL !! Time to Be Cautious! Bearish Signals Getting StrongerThis is the Daily Timeframe Chart Analysis of CDSL CDSL is currently forming a Rising Wedge pattern near the key resistance zone of 1680–1700. A breakout above this level with strong volume could lead to an upside target around 1800. However, if the stock fails to break this resistance and the zone holds, we may witness a downside move. In that case, CDSL could retrace towards the range-bound support area of 1500–1520. Thank you.
NSE:CDSLLong
by FiveCircles
CENTRAL DEPO SER (I) LTD – Supply Zone Test Price has entered a major supply zone (₹1,390–₹1,440). Strong BOS (Break of Structure) confirms bullish momentum. RSI supports strength; breakout looks likely on volume surge.📌 Trade Plan (Swing/Positional): Buy above: ₹1,445 (on breakout + closing basis) Stoploss: ₹1,365 Target 1: ₹1,580 Target 2: ₹1,720 Sell Below (Rejection): ₹1,360 (if price gets rejected at supply) 🔍 Technical Highlights: BOS and CHoCH indicate structure shift from bearish to bullish Currently testing supply zone after BOS Volume increasing with bullish candles RSI approaching overbought — breakout likely, but confirmation needed For Education Purposes Only
NSE:CDSLLong
by rmhetre15