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Mayank Kumar

7th Jun 2025 · SEBI-Registered Analyst

CDSL

CDSL
1. Breakout Above Resistance Previous resistance zone around ₹1,400 (marked with red line) has been decisively broken. This breakout has been followed by strong bullish candles with volume (not visible here but assumed due to price action strength). 📈 2. Strong Uptrend From early May onwards, stock has been forming higher highs and higher lows, classic sign of a strong uptrend. Sharp rally from approx ₹1,200 to ₹1,776 – over 45% gain in just over a month. 🧱 3. Next Major Resistance Around ₹2,020 (green line) — a previous all-time high zone. This can act as a potential profit-booking area or psychological resistance. 📉 4. Risk of Short-Term Pullback After such a steep run, RSI might be in overbought zone (though not shown here). ₹1,700–₹1,720 could act as minor support if there’s a dip.

#FundamentalViews#TechnicalViews
CDSL_2025-06-07_09-46-36.png
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