CDSL weekly timeframe

You're analyzing the **weekly chart** of **CDSL (Central Depository Services India Ltd)**, and here's a breakdown of the key elements from your chart:

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### **Chart Overview & Interpretation:**

1. **Current Price**: ₹1,328.20

* Showing a **modest gain of 0.62%** on the week.

2. **Chart Type**: Weekly time frame (1W), good for **long-term trend analysis**.

3. **Support & Resistance:**

* **Strong support zone** near ₹1,150–₹1,155.
* **Resistance zone** around ₹1,900–₹2,000 (marked by top of green box).
* The **target zone** is around ₹2,473.20, suggesting a **long trade setup**.

4. **Trade Setup Observed (Likely Long Position):**

* **Entry Price**: Around ₹1,328.20
* **Stop-Loss**: ₹1,038.05 (red zone)
* **Target**: ₹2,473.20 (green zone)
* **Risk-Reward Ratio**: Roughly 1:3, which is favorable

5. **Trend**:

* After a sharp fall, stock **bounced back from the support level**.
* Shows a **potential trend reversal** or **continuation of the long-term uptrend**.

6. **Indicators (not shown directly but inferred):**

* Price bounced after a pullback → likely some **demand zone**.
* Forming **higher lows**, indicating **bullish structure**.

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### **Conclusion (Trading View):**

* **Bullish Bias**: Based on the risk-reward setup and bounce from support.
* **Good R\:R Setup**: Entry at ₹1,328 with SL at ₹1,038 and target near ₹2,473.
* Suitable for **swing or positional trading** if broader market supports.

Would you like a clearer chart with technical indicators like RSI or moving averages added?