CDSL W Flag breakout

Demat account hits new high in FY24, 31 lakh more additions in March

Rectangle box consolidation and flag breakout with good volume. Targets in chart. Could see breakout on Weekly RSI on zooming very close. If chart adjusted for dividends, Weekly RSI breakout is visible. 35% upside potential.
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Stellar Q4 results.
YoY 105% PAT, 117% EBITD, 93% sales
QoQ 20.5% PAT, 14% EBITD, 12.6% Sales
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R1 Pivot Target reached
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CDSL Q1 FY25 YoY double digits. Will reach 2736 target soon.
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CDSL has registered over 12.5 crore demat accounts as of June 30, 2024. Bonus issue 1:1
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CDSL pole target 2620 reached. Next to 2736 pivot R2 and then 3396 161.8% Fib level
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Pivot R2 target achieved. Next 3396 161.8% Fib level. Then Pivot R3 target 3485.
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8% rise on bonus issue ex-date. Stellar performance. Chart revised after bonus.
CDSLFlagPivot PointsRectangle

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