CDSL

Fundamental View- CDSL (Central Depository Services India Ltd.) is one of India’s leading depositories, providing electronic storage and settlement services for securities like shares, bonds, mutual funds, and ETFs. The company operates in a near-monopoly market alongside NSDL and has been consistently expanding its market share. Technical View- As seen in the daily chart, the stock is trading in a strong upward buying rally and consistently taking support around its 14-day EMA. For the past four trading sessions, the stock has been facing a small hurdle around the 1815 level but hasn't been able to break it yet. On the technical front, RSI is hovering around 69 and MACD is near 66, indicating strength, though a short-term consolidation zone is visible. On the downside, the stock is still holding its minor support around 1760. On June 13, the stock made a low of 1595 and has shown continuous buying since then, making a high of 1811.70 on July 3. Today, the stock opened at 1780.50, made a low of 1765.00, and closed at 1804.90 after touching an intraday high of 1809.80. Even on the weekly chart, the stock is trading in a positive rally. Any small dip in this stock provides a good buying opportunity. From a long-term perspective, buying around 1775-1780 levels with a stop loss of 1675 is advisable, and if the uptrend continues, the stock can soon test levels of 1900. Warning- ***** ***** *****