From Moving Averages perspective CDSL is trading just above 20 &50 DMAs(177/1199) and below 100 & 200 DMAs (1447/1411).
From Fibonacci Retracements, it is just below 0.236 level and due for a bounce back to 0.5/0.618 levels (1518/1629).
Considering that the swing bottom is in place for the market as well as CDSL, one can expect a move towards 1400 followed by 1518 and 1629 in short to medium term (3 to 6 months) with Stop Loss at 1100.
From Fibonacci Retracements, it is just below 0.236 level and due for a bounce back to 0.5/0.618 levels (1518/1629).
Considering that the swing bottom is in place for the market as well as CDSL, one can expect a move towards 1400 followed by 1518 and 1629 in short to medium term (3 to 6 months) with Stop Loss at 1100.
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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.