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Technicals for Central Depository Services (India) Limited
By MusingTheNews
2026-02-02 20:28
Overall Technical outlook
Price Summary
On 2026-02-02, Central Depository Services (India) Limited's stock began at 1229.0, climbed to 1244.6, dropped to 1195.0, and had 0.67% to end at 1237.2, with a volume of 3306865 shares. The stock reached its highest price of 1804.9 and its lowest price of 1058.2 during the 52-week period. Analysts' predictions indicate that CDSL's future price will be between 1000.0 and 1840.0, with a mean price expectation of approximately 1534.0.
Technicals
Aroon: The Aroon indicator signals a continued bearish trend, with Aroon Down holding steady at the 100 level. This ongoing downward pressure requires further exploration with additional indicators to understand its broader implications. Aroon chart for Central Depository Services (India) Limited
Bol. Bands: The price is positioned below the lower Bollinger Band and has remained there since the previous move, indicating a strong bearish trend. This sustained stay below the band suggests that the market might be oversold, with significant downward pressure persisting. The ongoing position in this zone could signal further declines unless a reversal occurs, making it a critical point for traders to monitor. Bolinger Bands chart for Central Depository Services (India) Limited
Parabolic SAR: The PSAR remains in a bearish mode, setting a strong resistance level that could impede any upward trends. This resistance indicates that the market may struggle to break higher, reflecting ongoing bearish sentiment for CDSL. Parabolic Stop and Reverse chart for Central Depository Services (India) Limited
Stochastic: The Stochastic K-line, now below the D-line and under 20, signals a mildly bearish market outlook. This configuration suggests possible weakness for Central Depository Services (India) Limited, though the bearish sentiment is not overly pronounced. Investors should take note of this and monitor the trend closely. Stochastic chart for Central Depository Services (India) Limited
Tripple Moving Agerage: The 20-50-100 period moving averages are positioned for a bullish trend, but the slopes of the faster averages hint at a possible trend reversal. While the overall outlook remains positive, the weakening momentum in the shorter-term averages suggests that the current trend might not hold for long. Tripple SMA chart for Central Depository Services (India) Limited
Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall 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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