📊 Technical View:
CDSL has shown a strong breakout above the ₹1350–₹1370 resistance zone.
🔍 What should we watch for next?
🔹 Possible Retest: The price may pull back slightly to retest the breakout zone around ₹1350–₹1400, which could act as a solid support before the next move up.
🔹 Volume Confirmation: The breakout was supported by decent volume, adding strength to the bullish structure.
📌 Conclusion:
CDSL looks ready for a potential medium-term rally, backed by solid fundamentals and a breakout-backed chart setup. A healthy pullback might offer a great risk-reward opportunity.
📢 Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any investment decisions.
CDSL has shown a strong breakout above the ₹1350–₹1370 resistance zone.
🔍 What should we watch for next?
🔹 Possible Retest: The price may pull back slightly to retest the breakout zone around ₹1350–₹1400, which could act as a solid support before the next move up.
🔹 Volume Confirmation: The breakout was supported by decent volume, adding strength to the bullish structure.
📌 Conclusion:
CDSL looks ready for a potential medium-term rally, backed by solid fundamentals and a breakout-backed chart setup. A healthy pullback might offer a great risk-reward opportunity.
📢 Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any investment decisions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.