Central Depository Services (India) Ltd Stock Forecast
Central Depository Services (India) Ltd stock price ended at ₹2,114.80 on Friday, after gaining 0.609%.
(Updated on Jun 14, 2024)
The Central Depository Services (India) Ltd stock price gained 0.609% on the last trading day (Friday, 14th Jun 2024), rising from ₹2,102.00 to ₹2,114.80. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.11% from a day low at ₹2,095.65 to a day high of ₹2,139.80. The price has risen in 7 of the last 10 days and is up by 1.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 241 thousand more shares were traded than the day before. In total, 767 thousand shares were bought and sold for approximately ₹1.62 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.85% during the next 3 months and, with a 90% probability hold a price between ₹2,410.83 and ₹2,801.05 at the end of this 3-month period.
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CDSL.NS Signals & Forecast
The Central Depository Services (India) Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹2,083.32 and ₹2,092.27. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -2.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Central Depository Services (India) Ltd stock
Central Depository Services (India) Ltd finds support from accumulated volume at ₹2,105.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹44.15 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: ₹1,989.25 (-5.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (CDSL.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Central Depository Services (India) Limited to open at ₹2,116.75, and during the day (based on 14 day Average True Range), to move between ₹2,040.98 and ₹2,188.62, which gives a possible trading interval of +/-₹73.82 (+/-3.49%) up or down from last closing price. If Central Depository Services (India) Limited takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹2,105.90 (0.42%) than the resistance at ₹2,146.35 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Central Depository Services (India) Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Central Depository Services (India) Ltd stock to perform well in the short-term.
Current score: 1.437 Buy Candidate Unchanged
Predicted Opening Price for Central Depository Services (India) Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹2,116.75 ( 0.0922%) | ₹2,114.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDSL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,160.90 | 2.18% |
| R2 | 2,144.03 | 1.38% |
| R1 | 2,133.62 | 0.89% |
| Price | 2,114.80 | |
| S1 | 2,099.88 | -0.705% |
| S2 | 2,089.47 | -1.20% |
| S3 | 2,072.60 | -2.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,168.65 | 2.55% |
| R2 | 2,151.00 | 1.71% |
| R1 | 2,146.35 | 1.49% |
| Price | 2,114.80 | |
| S1 | 2,105.90 | -0.421% |
| S2 | 2,008.10 | -5.05% |
| S3 | 1,686.05 | -20.27% |
CDSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2023 | Aug 25, 2023 | Oct 01, 2023 | ₹16.00 | 1.18% |
| 2 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | ₹15.00 | 1.07% |
| 3 | Sep 13, 2021 | Sep 13, 2021 | Sep 13, 2021 | ₹9.00 | 0.653% |
| 4 | Sep 07, 2020 | Sep 07, 2020 | Sep 07, 2020 | ₹4.50 | 0.97% |
| 5 | May 03, 2019 | Sep 06, 2019 | Oct 16, 2019 | ₹4.00 | 1.94% |
FAQ
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