The stock closed at ₹1,605.70, down 1.58% from the previous close of ₹1,631.50, with intraday prices ranging between ₹1,601.00 and ₹1,633.40. Over the past week, the stock recorded a modest return of 0.3%, trailing the Sensex’s 0.84% gain. Monthly performance showed a slight decline of 0.35%, contrasting with the Sensex’s 0.78% rise. Year-to-date, Central Depository Services (India) posted a negative return of 8.7%, while the Sensex advanced by 9.58%.
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Examining technical indicators, the weekly MACD remains bullish, signalling positive momentum in the short term, whereas the monthly MACD shows a mildly bearish stance, suggesting caution for longer-term investors. The Relative Strength Index (RSI) does not currently emit a definitive signal on either weekly or monthly charts, indicating a neutral momentum phase. Bollinger Bands present a mildly bullish outlook on the weekly scale and a bullish stance monthly, highlighting potential volatility within an upward channel.
Moving averages on the daily chart maintain a bullish posture, supporting short-term strength in price action. The Know Sure Thing (KST) indicator aligns with this, showing bullish momentum weekly but mildly bearish monthly. Dow Theory analysis reveals no clear trend weekly but a mildly bullish indication monthly. On-Balance Volume (OBV) remains neutral across both weekly and monthly periods, suggesting volume does not currently confirm price movements decisively.
From a market capitalisation perspective, Central Depository Services (India) holds a grade of 3, reflecting its standing within the capital markets sector. The company’s 52-week price range spans from ₹1,047.45 to ₹1,989.80, with the current price positioned closer to the upper half of this range. Over longer horizons, the stock has demonstrated significant appreciation, with returns of 163.54% over three years and 542.02% over five years, outperforming the Sensex’s respective 41.53% and 100.26% gains. The one-year return stands at 6.72%, compared to the Sensex’s 10.47%.
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Overall, the technical landscape for Central Depository Services (India) suggests a period of adjustment in evaluation, with short-term indicators favouring mild bullishness while longer-term signals advise caution. The mixed readings from MACD, KST, and Dow Theory across different timeframes underscore the importance of monitoring momentum shifts closely. Investors may consider these technical nuances alongside broader market trends and sector performance when analysing the stock’s potential trajectory.
Given the current technical parameters and market context, Central Depository Services (India) remains a stock to watch for evolving momentum patterns. The interplay of bullish and mildly bearish signals across key indicators highlights a transitional phase that could influence near-term price movements.
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