CDSL (Central Depository Services Limited)

2 בדצמ׳

The weekly chart for CDSL (Central Depository Services Limited) shows a clear uptrend, with the stock forming a rising wedge pattern, which suggests potential for either a continuation or reversal depending on the breakout direction. The stock is trading well above key moving averages—21 EMA at 1442, 50 SMA at 1181, and 100 SMA at 895—indicating strong bullish momentum. Immediate resistance lies near the wedge's upper boundary (~1650–1700), while support is near its lower boundary (~1550). Volume has been declining during the wedge formation, which is typical for this pattern, and a breakout with increased volume will confirm the next move. The RSI, currently at 63.26, shows bullish momentum without being overbought, and the MACD histogram and bullish crossover indicate continued buying strength. A breakout above 1700 with strong volumes could lead to targets of 1900–2000, while a breakdown below 1550 may signal a correction toward 1442 or 1181. The stock remains bullish in the medium term, but traders should watch for a decisive breakout or breakdown and trade with strict stop-losses to manage risk.