CDSL | TECHNO-FUNDA ANALYSIS

CDSL – 1D

Trend Sideways-to-bullish. Stock has been stuck between ₹1585–₹1665 but showing strength again near the upper resistance. Important Levels Support: ₹1586 Major Support: ₹1420 Resistance: ₹1665 Major Resistance: ₹1728 → ₹1812 Targets (on breakout): ₹1728 / ₹1810+ Technical View Price has formed multiple higher lows in the last 1–1.5 months → accumulation. Strong green candle near resistance zone → buyers active. Breakout above ₹1665 is crucial; that level earlier acted as rejection. If breakout comes with volume, a fast move to ₹1728 is possible. Fundamental Snapshot Monopoly-type business in depository services (one of only two in India). Strong revenue growth from rising demat accounts. Asset-light, very high margins, strong balance sheet. Verdict Bullish bias. Buy only above ₹1665 for targets ₹1728 → ₹1812. SL (post-breakout): ₹1586