ParthaKuchana.com   Stocks & Technology
Finance
© 2024 Partha Kuchana. All rights reserved. Unauthorized reproduction or distribution is strictly prohibited. Visit ParthaKuchana.com for more information.

Central Depository Services (India) Limited (CDSL) Stock - Complete Technical Analysis - Nov 29, 2024

CDSL Stock Analysis: Key Support, Resistance Levels, & Trading Opportunities

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. CDSL stock is exhibiting significant price fluctuations, showing both potential for gains and risks. The recent price action highlights intraday volatility, with the stock reaching a low of 1590.05 and climbing to a high of 1663.90 within a short period. Currently, the stock is trading at 1639.45, slightly below its 52-week high of 1678.85, indicating that it is in a strong bullish phase but facing resistance.

From a technical standpoint, indicators like MACD and CCI suggest positive momentum, while the RSI shows neutral sentiment. The Stochastic RSI reading suggests overbought conditions, indicating a possible pullback. The stock is supported by several moving averages, with the 100-day and 200-day moving averages providing key support levels around 1550. Resistance is anticipated near the 1675-1680 range, which aligns with the 52-week high.

Traders should monitor for a breakout if the stock holds above its current price or a reversal if it struggles at resistance levels. Given the relatively weak ADX of 13.12, the stock is currently lacking a strong trend, making it suitable for short-term traders looking to capitalize on intraday movements. The high ATR signals that volatility is present, making CDSL an interesting candidate for traders who are comfortable with market swings.







 

Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link : View Channel
Youtube Channel Subscription Link : Mention channel subscription link : Subscribe

Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link : View Channel
Youtube Channel Subscription Link : Mention channel subscription link : Subscribe

Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link : View Channel
Youtube Channel Subscription Link : Mention channel subscription link : Subscribe

Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana
© 2024 Partha Kuchana. All rights reserved. Unauthorized reproduction or distribution is strictly prohibited. Visit ParthaKuchana.com for more information.