tried to bounce back from the 1100 levels making a recovery attempt up toward the 1400 zone. However it faced heavy selling pressure there. The most recent candles show a very sharp drop bringing the price down to 1186.70. This sharp rejection shows that sellers are still dominating the chart.
Support the most important support zone right now is between 1100 and 1150. This is the area where buyers stepped in previously. If the stock breaks and closes below 1100 the chart will become even weaker. Resistance if the stock tries to go up it will face immediate resistance around the 1250 to 1300 zone. To show any real strength or trend reversal CDSL needs to cross and stay above the 1400 level.
For New Buyers avoid fresh entries right now wait for a clear reversal signal near the 1100-1150 support zone before investing. For Existing Holders hold with a strict stop-loss below 1100 on a daily closing basis to protect your capital. If the stock bounces use the 1250-1300 resistance zone as an opportunity to exit or reduce your position.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.