CDSL Breaks Out of Consolidation on Strong Volumes

CDSL’s technical outlook has turned positive after the stock broke out of its ₹1,362–₹1,305 consolidation range with strong volume. The close at ₹1,388.90 also placed the stock above the breakout zone, while RSI near 61 indicates improving momentum. The stock is now approaching the ₹1,400–₹1,430 area, which could act as the next resistance zone. A sustained move above this region would strengthen the positive structure and could support further upward momentum. On the downside, ₹1,360–₹1,350 has become an important support zone. As long as the stock sustains above this area, the breakout structure remains positive. A move back below this zone would weaken the current setup. Overall Outlook: Positive, with improving bullish momentum.