Can I buy Central Depository Services (India) Limited (CDSL) for long term?
Kavitha Jegadesh
CDSL (₹1,764.40): The outlook is bullish. Supports are at ₹1,620, ₹1,530 and in the ₹1,400-1,350 region. Resistance is around ₹1,830. A break above it can take CDSL share price up to ₹2,200 in a quarter or two. After that a corrective fall to ₹1,900 is a possibility. Thereafter a fresh leg of upmove can breach ₹2,200 and take the stock up to ₹2,500 in a year or so.
Buy now and accumulate at ₹1,680. Keep the stop-loss at ₹1,320 initially. Trail the stop-loss up to ₹1,880 as soon as the stock goes up to ₹2,100. Move the stop-loss further up to ₹2,150 and ₹2,280 when the price touches ₹2,220 and ₹2,400 respectively. Exit the stock at ₹2,500.
I have bought Blue Star shares at ₹1,900. What is the long-term outlook for this stock?
Subith, Kochi
Blue Star (₹1,628.10): The long-term uptrend has got reversed after forming a head and shoulder reversal pattern. The outlook is bearish now. Resistance is in the ₹1,800-1,850 region. The stock can fall to ₹1,300-1,280. But before this fall happens, there is a chance of seeing one leg of corrective rise to ₹1,800.
You don’t have a choice but to exit it with a loss. If you don’t want to wait, then exit now. Else, keep a stop-loss at ₹1,480 and exit on a rise at ₹1,780. In case the rise does not happen and the stock falls below ₹1,500, then adhere to the stop-loss and exit at ₹1,480.
I have bought Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) at ₹550. Please give a one-year outlook.
P Sudhakaran
GNFC (₹546.25): The current trend is down. Charts are not looking very strong. Key supports are at ₹440 and ₹410. Immediate resistance is at ₹560. A break above it can take the stock up to ₹630-660. Failure to breach ₹560 can keep the stock vulnerable to break below ₹410. Such a break can drag the stock down to ₹320-300 and even lower.
If you don’t want to wait and take risk, it is better to exit now. Or keep a stop-loss at ₹390 and exit at ₹640. When the price goes up to ₹600 move your stop-loss up to ₹570. Based on your risk appetite you can choose either of these two options.
What is the short-term outlook for Moschip Technologies? Can I buy now?
Riya, Gandhinagar
Moschip Technologies (₹181.90): The trend is down. However, for the short-term, the price action on the daily chart indicates a channel. Support is at ₹168. If the stock sustains well above it, a rise to ₹200 or even ₹220 is possible. If you are a high-risk appetite trader, buy now and accumulate at ₹174. Keep the stop-loss at ₹164.
Trail the stop-loss up to ₹188 when the price goes up to ₹195. Move the stop-loss further up to ₹198 and ₹207 when the price touches ₹205 and ₹212 respectively. Exit the stock at ₹220. Please note that this trade is only for high-risk appetite traders. Others can stay out of this stock.
Published on June 28, 2025
