CENTRAL DEPOSITORY SERVICES LIMITED

As of the close on Monday, May 19, 2025, Central Depository Services (India) Ltd (NSE: CDSL) was trading at ₹1,450.80, marking a 2.98% increase from the previous session.

📊 30-Minute Timeframe Technical Overview
Price Action:

Day's Range: ₹1,408.00 – ₹1,468.00

52-Week Range: ₹1,047.45 – ₹2,989.00

Volume: Approximately 9.5 million shares traded, indicating heightened market activity.

Technical Indicators:

Relative Strength Index (RSI): 69.89 – approaching overbought territory, suggesting caution.

Moving Average Convergence Divergence (MACD): 36.23 – indicating bullish momentum.

Average Directional Index (ADX): 16.44 – suggesting a weak trend strength.

Stochastic Oscillator: 80.92 – in the overbought zone, which may precede a price correction.

Indicator: ₹1,280.03 – acting as a support level.

Parabolic SAR (PSAR): ₹1,209.57 – indicating an upward trend.

🔍 Support and Resistance Levels
Immediate Support: ₹1,408.00 – a level where buyers have previously shown interest.

Immediate Resistance: ₹1,468.00 – a recent high that may act as a barrier to upward movement.

🔭 Outlook
The technical indicators suggest that CDSL is experiencing a strong bullish trend. However, the RSI and Stochastic Oscillator indicate that the stock is nearing overbought conditions, which could lead to a short-term consolidation or minor correction. Investors should monitor the support and resistance levels closely and consider the heightened trading volume, which may affect the strength of the current trend.