CDSL gave a breakdown below 1350 (these are levels on GMMA charts, so can be approximate levels, not absolute levels) and went to down and took support at around 1050 and gave a bounce to retest breakdown levels, and reached slightly above that and then started falling again. Currently it seems to be around crucial support levels, but structure does not seem too encouraging.
Personally I would like to see how it behaves for next few trading sessions and then maybe take a call. Its another of those stocks that had a fantastic run of almost 8-9 times from Covid lows after which I guess most of the positives were baked into price. I don’t track it fundamentally so cannot comment on that aspect.
| Subscribe To Our Free Newsletter |
