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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 👇

📍 Current Price

₹1,630.70

⚙️ 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

📈 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)

🚫 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

📊 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.


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