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Technicals for Central Depository Services (India) Limited
By MusingTheNews
2025-05-30 20:29
Overall Technical outlook
Price Summary
On 2025-05-30, Central Depository Services (India) Limited's stock opened at 1514.7, reached a high of 1554.0, dropped to a low of 1513.3, and closed up 0.99% at 1529.7, with a trading volume of 5709871 shares. The highest price the stock achieved in the past 52 weeks is 1964.05, while the lowest price it saw is 983.95. 10 analysts predict that the future price of CDSL will be in the range of 1050.0 to 1414.0, with a mean expected price of about 1264.6.
Technicals
Support and Resistance: The price for CDSL at 1529.7 is supported by the 1529.25 level and faces resistance at 1758.65. This range indicates key levels where the price may find buyers near 1529.25 and sellers near 1758.65, defining a trading range. Support/Resistance for CDSL
Aroon: The continuation of Aroon's bullish trend, with Aroon Up remaining at 100, signals strong momentum. However, to fully assess the trend's future potential, it should be analyzed in conjunction with other technical indicators. Aroon chart for Central Depository Services (India) Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Central Depository Services (India) Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Central Depository Services (India) Limited
Stochastic: The K-line has dropped below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move may be beginning. This pattern indicates that the market's upward momentum is weakening, potentially leading to a reversal. Investors should stay alert for additional signs of a downturn. Stochastic chart for Central Depository Services (India) Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, with no definitive indication of an upward or downward trend for CDSL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Tripple SMA chart for Central Depository Services (India) Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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