CDSL

Showing Signs of Recovery After Oversold Signal

After a sharp fall, the stock price of

has started showing signs of stability and is now consolidating. On 28th July 2025, a candlestick was formed completely outside the lower Bollinger Band, which usually suggests that the stock is in the oversold zone. This often indicates that a price bounce could follow. Today, the stock has already moved up by around 1.6%, showing early signs of recovery. Earlier, on 22nd July 2025, the stock had faced resistance near the 20-day moving average, which led to a continuous fall. Now, if the recovery continues, the stock may again move towards the 20-day moving average, which is currently around ₹1700. On the lower side, the 200-day moving average at ₹1500 is expected to act as strong support. Overall, if the stock holds above current levels, we may see a short-term rise. A move above ₹1700 could confirm a stronger reversal, while ₹1500 remains an important support level for any downside.