CDSL SHORT TERM BUY

 

FIRST TARGET DONE IT MAKE HIGH  1259 

CDSL SHORT TERM BUY   1223-1232 SL  1200/1170 TGT 1257

Technical Analysis of CDSL Stock Chart

1. Trend Analysis

• The stock initially showed a downtrend, making lower highs and lower lows.

• It later reversed into an uptrend, breaking resistance levels and forming higher highs and higher lows.

• The current movement shows a pullback within an uptrend, indicating a possible continuation upwards.

2. Support and Resistance Levels

• Support Levels:

  • 1,170.00: Strong support where the price previously bounced.

  • 1,083.40 & 1,053.15: Deeper support zones if 1,170 breaks.

• Resistance Levels:

  • 1,257.20: Immediate resistance level.

  • 1,293.80: Higher resistance zone, acting as the next possible target.

3. Target and Stop Loss

• Entry: Around 1,224-1,225, based on the pullback and expected bounce.

• Target: 1,257 (First resistance level) and 1,293 (Second resistance level if the uptrend continues).

• Stop Loss: Below 1,170, as a break below this level could indicate a trend reversal.

4. Conclusion

• The stock is in a strong uptrend but is currently facing resistance.

• A break above 1,257 can push it towards 1,293.

• If it falls below 1,170, it could signal a reversal to a bearish trend.

CDSL Stock Analysis: Short-Term, Medium-Term, and Long-Term Views

1. Short-Term View (Few Days to Weeks)

• Trend: Bullish (uptrend with minor pullbacks).

• Support Levels: 1,170 (key support), 1,083 (major support).

• Resistance Levels: 1,257 (immediate resistance), 1,293 (next resistance).

• View: The stock is in an uptrend but facing resistance. If it sustains above 1,224, it could move towards 1,257 in the short term.

2. Medium-Term View (Few Weeks to Months)

• Trend: Bullish to Neutral (higher highs and higher lows, but resistance at 1,293).

• Key Levels:

  • A breakout above 1,293 can push it towards 1,350-1,400.

  • If it falls below 1,170, weakness may emerge, leading to a drop towards 1,083.

• View: As long as 1,170 holds, the stock remains in an uptrend. However, a break below this level can lead to consolidation or a trend reversal.

3. Long-Term View (Several Months to Years)

• Trend: Bullish (overall long-term structure remains strong).

• Key Levels:

  • Above 1,293, it could target 1,400-1,500 in the long run.

  • Below 1,083, bearish sentiment could return.

• View: The stock is in an uptrend but needs to break past key resistance zones for a sustained long-term rally. Investors should monitor major support levels.

Conclusion:

• Short-Term: Bullish, potential target 1,257.

• Medium-Term: Bullish if 1,170 holds, target 1,293+.

• Long-Term: Bullish if it breaks 1,293, with a target of 1,400-1,500.