CDSL is forming an interesting bullish setup on the weekly chart. Price has been facing repeated rejection from a long-term falling trendline, but sellers are struggling to break the strong support around 1170, where the rising trendline and 200 EMA are providing support. Every correction towards this zone is attracting buyers, suggesting strong demand absorption. The stock is now trading near 1282, and the narrowing structure indicates that a major breakout could be approaching.
The key trigger is a decisive weekly breakout above the 1300–1350 resistance zone. If CDSL sustains above this falling trendline, buyers could regain control and push the stock towards 1450 followed by 1600+. The weekly RSI is also showing early signs of recovery. With strong support below and liquidity sitting above previous swing highs, this setup looks increasingly attractive for a bullish reversal. One clean breakout could completely change the momentum in CDSL.
The key trigger is a decisive weekly breakout above the 1300–1350 resistance zone. If CDSL sustains above this falling trendline, buyers could regain control and push the stock towards 1450 followed by 1600+. The weekly RSI is also showing early signs of recovery. With strong support below and liquidity sitting above previous swing highs, this setup looks increasingly attractive for a bullish reversal. One clean breakout could completely change the momentum in CDSL.
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