CDSL Stock Analysis (as of May 26, 2025)

CDSL Stock Analysis (as of May 26, 2025)
Key Observations:
• Current Price: ₹1,462.30 (+0.47%)
• Day’s Range: ₹1,445.00 (Low) – ₹1,474.70 (High)
• Volume: 42M (indicating moderate activity)
• RSI (14, High): 66.79 (approaching overbought but not extreme)
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Trend Analysis:
1. Short-Term Trend (1D Chart):
o Bullish – The stock is trading above key moving averages, with higher highs and higher lows.
o Resistance (Short-Term): ₹1,474.70 (Today’s High) → Breakout above this could target ₹1,500.
o Support (Short-Term): ₹1,445 (Today’s Low) → A drop below may test ₹1,420-1,435.
2. Long-Term Trend (Weekly/Monthly):
o Uptrend Intact – The stock has been consolidating between ₹1,320-₹1,474. A breakout above ₹1,475 could signal a strong bullish continuation.
o Major Support (Long-Term): ₹1,372 (Key Swing Low) → A breakdown below this may shift trend to neutral/bearish.
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Trade Setup:
Buy Entry (Long Trade):
• Ideal Entry: Near ₹1,445-₹1,435 (if retested with RSI cooling off).
• Confirmation: Bounce from support with volume increase.
• Target: ₹1,474 → ₹1,500 (Breakout Zone).
• Stop Loss: Below ₹1,420 (Risk Management).
Sell Entry (Short Trade – Caution Advised):
• If Rejection at ₹1,474-₹1,475: Short with tight stop above ₹1,480.
• Target: ₹1,445 → ₹1,420.
• Stop Loss: ₹1,485 (Only if RSI shows reversal signs).
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Conclusion:
• Bias: Bullish as long as price holds above ₹1,435.
• Aggressive Traders: Can consider buying dips with proper risk management.
• Conservative Traders: Wait for a confirmed breakout above ₹1,475 for stronger upside.
RSI Note: At 66.79, the stock is near overbought but not extreme. A pullback to reset RSI could offer a better entry.
Final Verdict: Buy on Dips (₹1,435-₹1,445) for a rally towards ₹1,500.
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Disclaimer: This is not financial advice. Always conduct your own analysis before trading. We are not responsible for your loss. Do your own research before buying this stock.