CDSL | Flagpole | NSDL Files for IPO
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL.
(We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.)
Now CDSL:
• In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of which is already done.
• The 1000 level + 50% Fibo level provided support during its momentum.
• Volumes increased during the rally, which is a positive sign.
• It faces a crucial resistance zone the break and sustenance of which will be necessary.
• Now if you are worried about the funds flowing to NSDL, Remember what happened to BSE when NSE announced its IPO – it literally doubled in value. NSDL's valuation will play a crucial role in boosting CDSL's momentum.
• Duopolies, like Ola and Uber, Airtel and Jio, Swiggy and Zomato, Amazon and Flipkart, tend to fare well. CDSL and NSDL too can coexist.
• Do you know who else can and must Coexist? YOU and WE! Follow us for such interesting Case studies.
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation 🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
