CDSL: Buyers Are Preparing To Break The Sellers’ Grip
CDSL is showing a strong bullish reversal from its long-term rising support trendline and the weekly 200 EMA near 1170. This zone has supported multiple major recoveries in the past and buyers have once again defended it aggressively. The stock has bounced towards 1320 and is now approaching the falling resistance trendline that has controlled every major rally since 2024. What makes this setup interesting is that sellers are repeatedly failing to break the support while buyers are slowly building strength. The weekly RSI has also recovered above 50 which suggests that bullish momentum is returning.
A decisive weekly breakout above 1350–1400 will confirm a major trend reversal and open the door for a strong rally towards 1500 followed by 1600+. This falling trendline has rejected price multiple times and breaking it will be a significant shift in market psychology. Liquidity is sitting above the previous swing highs and a breakout can trap sellers while attracting fresh buying. I remain strongly bullish on CDSL because the combination of strong 200 EMA support and a potential long-term trendline breakout is creating an excellent setup for the next major rally.
A decisive weekly breakout above 1350–1400 will confirm a major trend reversal and open the door for a strong rally towards 1500 followed by 1600+. This falling trendline has rejected price multiple times and breaking it will be a significant shift in market psychology. Liquidity is sitting above the previous swing highs and a breakout can trap sellers while attracting fresh buying. I remain strongly bullish on CDSL because the combination of strong 200 EMA support and a potential long-term trendline breakout is creating an excellent setup for the next major rally.
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