CSDL 1 Week View

Weekly Technical Landscape
Price Context

Current Price: Around ₹1,424–1,425 per share.

Performance: Down approximately 8–9% over the past week.

Technical Momentum

Technical Rating: Strong “Sell” on the daily; the weekly is “Sell,” with the monthly being neutral.

Trend: Strong bearish bias both short- and mid-term.

Key Weekly Support & Resistance (Pivot Points)

Weekly Standard Pivot Levels:

Support (S1): ₹1,370.50

Resistance (R1): ₹1,528.80

Pivot Midpoint: ₹1,474.90

MarketScreener Levels:

Short-term Resistance: ₹1,583.6

Support Zone: ₹1,367.4

Weekly View Summary & Outlook

Short-Term Weakness: The weekly technical setup remains bearish, with price under moving averages and selling signals dominating. The downward momentum could persist unless key resistances get decisively broken.

Critical Thresholds:

Hold above ₹1,370 may stabilize price temporarily.

A clear breakout above ₹1,475–1,528 could shift short-term sentiment.

Cautious Optimism (Alternate Scenario): If price forms and breaks out from a cup-and-handle pattern (between ₹1,631–1,834), that could indicate a potential reversal—but this is speculative and higher-risk.

Trading Considerations:

For bears: Short-term positions favored as long as price remains below pivot/resistance zones.

For bulls: Wait for stable hold above ₹1,475–1,528—or ideally, a confirmed breakout above ₹1,834—before considering entries.