You're analyzing the **weekly chart** of **CDSL (Central Depository Services India Ltd)**, and here's a breakdown of the key elements from your chart:
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### **Chart Overview & Interpretation:**
1. **Current Price**: ₹1,328.20
* Showing a **modest gain of 0.62%** on the week.
2. **Chart Type**: Weekly time frame (1W), good for **long-term trend analysis**.
3. **Support & Resistance:**
* **Strong support zone** near ₹1,150–₹1,155.
* **Resistance zone** around ₹1,900–₹2,000 (marked by top of green box).
* The **target zone** is around ₹2,473.20, suggesting a **long trade setup**.
4. **Trade Setup Observed (Likely Long Position):**
* **Entry Price**: Around ₹1,328.20
* **Stop-Loss**: ₹1,038.05 (red zone)
* **Target**: ₹2,473.20 (green zone)
* **Risk-Reward Ratio**: Roughly 1:3, which is favorable
5. **Trend**:
* After a sharp fall, stock **bounced back from the support level**.
* Shows a **potential trend reversal** or **continuation of the long-term uptrend**.
6. **Indicators (not shown directly but inferred):**
* Price bounced after a pullback → likely some **demand zone**.
* Forming **higher lows**, indicating **bullish structure**.
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### **Conclusion (Trading View):**
* **Bullish Bias**: Based on the risk-reward setup and bounce from support.
* **Good R\:R Setup**: Entry at ₹1,328 with SL at ₹1,038 and target near ₹2,473.
* Suitable for **swing or positional trading** if broader market supports.
Would you like a clearer chart with technical indicators like RSI or moving averages added?
---
### **Chart Overview & Interpretation:**
1. **Current Price**: ₹1,328.20
* Showing a **modest gain of 0.62%** on the week.
2. **Chart Type**: Weekly time frame (1W), good for **long-term trend analysis**.
3. **Support & Resistance:**
* **Strong support zone** near ₹1,150–₹1,155.
* **Resistance zone** around ₹1,900–₹2,000 (marked by top of green box).
* The **target zone** is around ₹2,473.20, suggesting a **long trade setup**.
4. **Trade Setup Observed (Likely Long Position):**
* **Entry Price**: Around ₹1,328.20
* **Stop-Loss**: ₹1,038.05 (red zone)
* **Target**: ₹2,473.20 (green zone)
* **Risk-Reward Ratio**: Roughly 1:3, which is favorable
5. **Trend**:
* After a sharp fall, stock **bounced back from the support level**.
* Shows a **potential trend reversal** or **continuation of the long-term uptrend**.
6. **Indicators (not shown directly but inferred):**
* Price bounced after a pullback → likely some **demand zone**.
* Forming **higher lows**, indicating **bullish structure**.
---
### **Conclusion (Trading View):**
* **Bullish Bias**: Based on the risk-reward setup and bounce from support.
* **Good R\:R Setup**: Entry at ₹1,328 with SL at ₹1,038 and target near ₹2,473.
* Suitable for **swing or positional trading** if broader market supports.
Would you like a clearer chart with technical indicators like RSI or moving averages added?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.