CDSL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of CDSL

📊 Trend Overview

Current Trend: Trending upward with mild consolidation

Price is above both 50 DMA (₹1,563) and 200 DMA (₹1,486), confirming bullish structure.

RSI at 57.9 is neutral-to-bullish, suggesting potential for further upside.

MACD at -0.79 is slightly negative, indicating a pause or mild consolidation in momentum.

📈 Technical Indicators

Moving Averages

Price (₹1,588) > 50 DMA (₹1,563) > 200 DMA (₹1,486): Bullish alignment

RSI (57.9)

Neutral zone, leaning bullish. A move above 60 would confirm momentum.

MACD (-0.79)

Slight bearish crossover. Watch for reversal confirmation.

Bollinger Bands

Price near upper band, indicating strength but also potential short-term resistance.

Volume Trends

Current volume (46.8L) > 1-week average (18.7L): Strong accumulation

Suggests institutional interest and breakout potential.

🔍 Short-Term Momentum Signals

Bullish Bias with Caution

Price action and volume support upside.

MACD divergence suggests short-term consolidation before next leg up.

FII inflows (+1.56%) reinforce positive sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,563 50 DMA, short-term base

Support 2 1,486 200 DMA, strong medium-term support

Resistance 1 1,620 Recent swing high

Resistance 2 1,700 Psychological barrier

Resistance 3 1,850 Pre-breakdown zone

🎯 Entry & Exit Zones

Optimal Entry: ₹1,560–₹1,580 (on dips near 50 DMA)

Exit Zone: ₹1,700–₹1,850 (partial profit booking)

Aggressive Target: ₹1,990 (52-week high) if momentum resumes

🧭 Summary

Trend: Bullish with short-term consolidation

Momentum: Strong volume, neutral RSI, mild MACD weakness

Outlook: Favorable for swing trades; breakout above ₹1,620 could trigger next rally

Valuation: Premium P/E (65.2) vs industry (57.7), but justified by strong ROE/ROCE and zero debt

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