CDSL (Central Depository Services India Ltd) based on your 4-hour chart for a 2–7 day swing trade setup

 

Here’s the analysis of CDSL (Central Depository Services India Ltd) based on your 4-hour chart for a 2–7 day swing trade setup 👇

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📍 Current Price

₹1,630.70

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⚙️ Key Technical Levels

Type	Price (INR)	Notes
Resistance 1	₹1,641.60	Immediate resistance (price is testing this zone)
Resistance 2	₹1,661.20	Strong resistance above current zone
Support 1	₹1,625.00	Immediate support below CMP
Support 2	₹1,450.00	Major support from the previous swing low

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📈 Swing Trade View (2–7 Days)

✅ Bullish Scenario

If the stock closes above ₹1,642, it could move towards:

• Target 1: ₹1,661

• Target 2: ₹1,680

• Target 3 (extended): ₹1,710

Stop-Loss: Below ₹1,625 (on a closing basis)
Risk–Reward: ~1:2 (favorable if breakout sustains)

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🚫 Bearish Scenario

If the stock fails to hold ₹1,625 and breaks down:

• Target 1: ₹1,580

• Target 2: ₹1,520

• Target 3 (major support): ₹1,450

Stop-Loss: Above ₹1,645

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📊 Summary

• The price is near a key resistance zone (₹1,640–1,660).

• A break and close above ₹1,642–1,645 can trigger a short-term bullish move.

• But if it rejects this zone, expect a pullback toward ₹1,580 or lower.